The Wire · Tuesday, 4 August 2026
Bangladesh secured a $1 billion loan to expand Eastern Refinery, but the borrowing cost hides a catch
Bangladesh approved roughly $1.004 billion in Islamic Development Bank financing to expand Eastern Refinery Limited in Chattogram.
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Eastern Refinery 2 to save Bangladesh $473m every year
A Bangladesh committee approved a proposal to secure more than $1 billion in loans from the Islamic Development Bank to finance the Eastern Refinery Limited 2 project.
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Eastern Refinery secures $1.004 billion IsDB financing for second unitTextile Todaymatched eastern
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EASTERN REFINERY’S SECOND UNIT: Govt to borrow costly $1b from IDBNew Age BDmatched eastern
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Govt okays $1b stringent IsDB loan for Eastern Refinery expansion
The government approved a $1,004 million loan from the Islamic Development Bank to finance the construction of the second unit of Eastern Refinery Limited.
The Business Standardmatched eastern