B’desh reaches out to IMF for 4.5 bn bailout

27 July 2022 12:54 pm Views - {{hitsCtrl.values.hits}} 4 Bookmark

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Bangladesh became the latest South Asian nation to reach out to the International Monetary Fund (IMF) for assistace as its foreign exchange reserves continue to fall.

The government of Banlgadesh made a written request for US$ 4.5 billion from the Fund, a spokesperson from the agency shared.

Following a staff visit to the country, the IMF said it stands committed to help Bangladesh.
Foreign exchange reserves in Bangladesh slipped to US $39.79 billion as of July 13 from US $45.33 billion a year earlier.

Comments - 4

Tom jones Wednesday, 27 July 2022 06:26 PM

Why did Bangladesh give loans to Sri Lanka."… looks like the Medamulana Rajapakse curse has fallen on Bangladesh. Banish them from earth.

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GH Wednesday, 27 July 2022 06:58 PM

Final days are being counted by the IMF team (the US) to oust Bangladesh leader.

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Punchi Thursday, 28 July 2022 06:35 AM

@GH, current leader of Bangladesh is loved by the US, India and by managing extremism has brought about increasing prosperity. We allow extremism to run rampant in our country and have destroyed ourselves

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Cherath Thursday, 28 July 2022 08:40 AM

$39.79 billion in Bangladesh seems like heaven compared to Sri Lanka's $00.(they probably ran into this difficulty with the currency swap with SL)

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