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IMF agrees US$4.5 billion Bangladesh assist programme

LONDON: The Worldwide Financial Fund provisionally agreed a US$4.5 assist programme for Bangladesh on Wednesday (Nov 9).

In assertion the IMF mentioned a “staff-level settlement” had been reached for a 42-month association, together with about US$3.2 billion from its Prolonged Credit score Facility (ECF) and Prolonged Fund Facility (EFF), plus about $1.Three billion from its new Resilience and Sustainability Facility (RSF).

“The goals of Bangladesh’s new Fund-supported program are to protect macroeconomic stability and assist sturdy, inclusive, and inexperienced development, whereas defending the weak,” the assertion mentioned.

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