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City Bank gets $30m from OPEC Fund
City Bank recently signed an agreement with the OPEC Fund for International Development for a loan of $30 million to support global trade by providing financing to importers and exporters in Bangladesh, especially in the agriculture and green energy sectors.

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City Bank has secured a $30 million loan from the OPEC Fund for International Development to support global trade in Bangladesh, particularly in the agriculture and green energy sectors. The agreement was signed by Tareq Alnassar of the OPEC Fund and Sheikh Mohammad Maroof of City Bank at the fund's headquarters in Vienna. The loan will help address food insecurity pressures and climate change by facilitating the flow of goods and reducing financing gaps for import and export companies. This partnership is a significant milestone for City Bank and demonstrates their commitment to supporting the economic growth and development of Bangladesh. The OPEC Fund for International Development, established in 1976, works to stimulate economic growth and social progress in low and middle-income countries.

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