2 months ago
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Bangladesh is pushing to unafraid loans of astir $2 cardinal from multilateral agencies for tackling vigor information concerns amid soaring planetary substance prices driven by the West Asia war.
The authorities has already taken respective measures to curb substance consumption, including halting accumulation astatine astir fertiliser factories.
The authorities has present adopted a three-pronged attack to guarantee sustainable vigor supply, the premier minister's concern and readying advisor Rashed Al Titumir said connected Saturday (March 21, 2026).
"Part of that is securing loans," Mr. Titumir told AFP.
"The International Monetary Fund (IMF) has committed $1.3 billion, portion the Asian Development Bank (ADB) has pledged $500 cardinal arsenic fund support," helium said, adding the authorities was pursuing the loans for aboriginal disbursement.
The authorities whitethorn besides attack the World Bank. "As we privation to support overseas currency reserves intact, we person constricted options different than seeking loans," Mr. Titumir said.
The authorities is besides exploring alternatives for sourcing vigor from "North America, South America oregon Africa".
"We are exploring each disposable options for alternate vigor sources," the advisor said.
Bangladesh — which imports 95% of its lipid and state needs — has not raised energy and substance prices contempt the planetary surge.
Most crude substance is sourced from Saudi Arabia and the United Arab Emirates, portion astir 35% of state proviso besides comes from West Asia.
An onslaught connected a tract astatine Qatar's Ras Laffan LNG hub could disrupt state supply, fixed the country's reliance connected the facility.
As vigor scarcity hits Bangladesh, India sends diesel utilizing ‘Friendship Pipeline’
Since the outbreak of the war, authorities person taken respective measures to curb substance consumption.
These see mounting limits connected substance purchases, halting accumulation astatine astir fertiliser factories, deploying constabulary to patrol filling stations, and utilizing the navy to escort LNG shipments.
