IMF and Bangladesh Reach Preliminary Agreement for $4.5 Billion Loan |  Business and Economics News

IMF and Bangladesh Reach Preliminary Agreement for $4.5 Billion Loan | Business and Economics News

Rising energy and food prices, triggered by the Russian-Ukrainian war, and dwindling foreign exchange reserves have hit Bangladesh. The International Monetary Fund (IMF) has tentatively agreed to provide a $4.5 billion support package to Bangladesh, with the country’s finance minister saying the deal would help prevent economic instability from spiraling into crisis. Bangladesh’s $416 billion …

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