The International Islamic Trade Finance Corporation (ITFC) will provide Bangladesh with US$2.75 billion annually for the development of the energy and agricultural sectors. This financing plan, signed at ITFC’s headquarters in Saudi Arabia, aims to support the import of petroleum products, LNG, and fertilizers by various Bangladeshi corporations. Covering July 2025 to June 2026, the plan includes $1.65 billion for petroleum, $600 million for LNG, and $500 million for fertilizers. The financing terms include a six-month SOFR plus approximately 2% interest. ITFC, a member of the Islamic Development Bank Group, has previously provided over $19 billion to Bangladesh.

The interim government is set to finalize a Tk 2.16 trillion Revised Annual Development Programme (RADP) for FY25, reducing current allocations by Tk 490 billion. The Bangladesh Planning Commission plans to cut Tk 300 billion from internal resources and Tk 190 billion from external resources (project aid). The RADP will be presented to the National Economic Council (NEC) next month for approval. The current Tk 2.65 trillion ADP allocated Tk 1.65 trillion from internal resources and Tk 1.0 trillion from external resources. The Economic Relations Division (ERD) has finalized project aid for the upcoming RADP. The NEC previously downsized the ADP budget to Tk 2.45 trillion in FY24 and Tk 2.27 trillion in FY23. The ADP, part of the national budget, supports nearly 1,300 development projects. The Implementation Monitoring and Evaluation Division (IMED) reported a decline in the ADP implementation rate to 12.29% in the first five months of FY25.

In November, Bangladesh received $2,199.99 million in remittances, with $511.96 million coming from the US and $684.58 million sent to Dhaka. Chattogram and Sylhet divisions received $603.9 million and $199.6 million, respectively. The Bangladesh Bank (BB) reported a 14% year-on-year growth in remittance inflows for November. Remittances have supported foreign currency reserves and millions of households, surging 23% year-on-year to nearly $27 billion in 2024. The BB emphasized the critical role of remittances in economic growth, banking liquidity, and reducing external borrowing. The first five months of FY24-25 saw a 26.44% increase in remittance inflows, with the UAE and the US being the top sources. Saudi Arabia, Malaysia, the UK, Kuwait, and Italy were also significant contributors. Islami Bank Bangladesh collected the highest remittance in November 2024. The BB highlighted the importance of workers’ remittances, noting that approximately 13 million Bangladeshi nationals work abroad. Targeted strategies were suggested to support migrant workers and enhance remittance benefits.