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Bangladesh: IMF loan would help economy gain stability in reserves, dollar market

DHAKA, 03 August 2022, (TON): Bangladesh is expecting around USD $4.5 billion loan from the International Monetary Fund as a precautionary measure and stabilising foreign exchange reserves.

In the wake of a record $30.86 billion trade deficit, remittance inflow falling by 15.12% and current account deficit of $17.23 billion in the recently concluded 2021-22 fiscal, the country is trying to get an IMF loan.

The two South Asian countries Sri Lanka and Pakistan’s economy are in danger, so they are trying to get IMF loans.

The economy of Bangladesh is not in a disaster like them. Sri Lanka is bankrupt, and Pakistan is in dire economic straits. Still, many people ask why Bangladesh has to take an IMF loan.

Bangladesh’s foreign loan burden increased to $93.23 billion till March 2022.

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