B’desh reaches out to IMF for 4.5 bn bailout

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.