Bangladesh: IMF approves $4.5b loan for Bangladesh

DHAKA, 10 November 2022, (TON): The government and the IMF team have reached a staff-level agreement to support the authorities' reform policies under a new 42-month ECF/EFF arrangement of about $3.2 billion, and a concurrent RSF arrangement of about $1.3 billion.

Reform policies include, creating additional fiscal space, containing inflation and modernising the monetary policy framework, strengthening the financial sector, boosting growth potential and building climate resilience.

The staff-level agreement is subject to IMF management approval and executive board endorsement, which is expected in the coming weeks, the Washington-based multilateral lender said in a press release.

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