Bangladesh secures $2 billion in emergency loans to tackle energy crisis.

Bangladesh secures $2 billion in emergency loans to tackle energy crisis. The IMF has committed $1.3 billion while the Asian Development Bank pledged $500 million as budget support amid soaring global fuel prices driven by Middle East tensions. Bangladesh imports 95 percent of its oil and gas needs, with most crude sourced from Saudi Arabia and the UAE. The government has implemented aggressive measures including halting fertiliser factory production and deploying naval escorts for LNG shipments. Officials are exploring alternative energy sources from North America, South America, and Africa to reduce Middle East dependency. The country has avoided raising electricity and fuel prices despite global surges, prioritizing currency reserves.