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Bangladesh: IMF ready to support Bangladesh after loan request

DHAKA, 28 July 2022, (TON): The International Monetary Fund said “it would discuss with Bangladesh its loan request after the country became the third in South Asia to seek such support after Pakistan and Sri Lanka.”

Bangladesh's $416 billion economy has been one of the fastest-growing in the world for years, but rising energy and food prices because of the Russia-Ukraine war have inflated its import bill and the current account deficit.

The IMF said “Bangladesh was interested in its new Resilience and Sustainability Facility aimed at helping countries face climate-change challenges and had also requested negotiations for an accompanying IMF programme."

An IMF spokesperson said "the IMF stands ready to support Bangladesh, and the staff will engage with the authorities on program design as per the established policies and procedures of the Fund.”

"The amount of support will be part of the program design discussions."

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