The government is exploring the issuance of Sukuk and dollar bonds to secure $1.3 billion for the second phase of the Matarbari power project. This move follows the refusal of major international financial institutions to provide funding, citing global mandates that restrict investment in coal-based projects.
Economy
Government considers Sukuk and dollar bonds for $1.3b Matarbari Phase 2
The government is exploring alternative funding options after international institutions declined to finance the coal project due to global mandates.
Source: TBS Bangladesh