Dhaka, Jan. 25 -- A new avenue for Bangladesh in LNG supply is about to open up as World Bank Group's outfit MIGA has made financing proposal to facilitate the energy import from overseas market to feed its growing fuel demand, sources said Saturday.
Following the proposal placed by the Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, the Energy and Mineral Resources Division (EMRD) of the government is scrutinizing the proposed financing package, Division officials said.
The MIGA recently placed the proposal to the interim government the plan with guarantee for trade financing, especially for opening letters of credit (LCs) with local or foreign commercial banks.
A senior EMRD official says the MIGA h...
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