World Bank approves $350M loan for Bangladesh energy crunch

World Bank approves $350M loan for Bangladesh energy crunch

DHAKA. Bangladesh — The World Bank said on Monday it has approved a $350 million loan to help Bangladesh manage rising fuel import pressures and strengthen energy security after shortages linked to the Middle East war.The South Asian nation of 170 million people imports 95 percent of its oil and liquefied natural gas (LNG), much of it from the Middle East, where energy shipments through the Strait of Hormuz have been disrupted since the war bega…