Bangladesh, ITFC sign first-ever financing agreement to strengthen food security | Business

DHAKA, Sept 10, 2025 (BSS) - The government of Bangladesh and the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, today signed two significant financing agreements at Jeddah in Saudi Arabia. These agreements will support the import of fertilizers in Bangladesh, which is expected to play a crucial role in ensuring the country’s food security. The agreements include a Master Murabaha Financing Agreement and a Syndicated Murabaha Financing Facility, under which ITFC will initially provide $100 million in financing. It is noteworthy that Bangladesh Petroleum Corporation (BPC) has been importing oil every year through ITFC financing, said an ERD press release. For the first time, this initiative has been extended to fertilizer imports,...