Financial and Banking News


OFID Lends $12mn to Bangladesh and Central African Republic

 The OPEC Fund for International Development (OFID) has agreed to lend $12mn to Bangladesh and the Central African Republic, according to two agreements signed last week. Bangladesh will receive a $10mn loan to help finance extension work or the Ashanj thermal power project, raising the generating capacity of the plant to 150 megawatts. $2mn will also be extended to the Central African...