IMF, Bangladesh agree on 1st review of $4.7 billion bailout
IMF, Bangladesh agree on 1st review of $4.7 billion bailout
Bangladesh and the International Monetary Fund (IMF) have reached an agreement on the first review of a $4.7 billion bailout, providing a boost to the country's cash-strapped economy. The completion of the review will make $681 million in loans available to Bangladesh, subject to IMF board approval. Its economy has recently struggled due to shrinking dollar reserves and costly imports following Russia's invasion of Ukraine. It is battling high inflation spurred by a spike in energy and food prices.
Bangladesh and the International Monetary Fund (IMF) have reached an agreement on the first review of a $4.7 billion bailout, providing a boost to the country's cash-strapped economy. The completion of the review will make $681 million in loans available to Bangladesh, subject to IMF board approval. Its economy has recently struggled due to shrinking dollar reserves and costly imports following Russia's invasion of Ukraine. It is battling high inflation spurred by a spike in energy and food prices.
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Bangladesh and the International Monetary Fund (IMF) have reached an agreement on the first review of a $4.7 billion bailout, providing a boost to the country's cash-strapped economy. The completion of the review will make $681 million in loans available to Bangladesh, subject to IMF board approval. Its economy has recently struggled due to shrinking dollar reserves and costly imports following Russia's invasion of Ukraine. It is battling high inflation spurred by a spike in energy and food prices. 
