Prime Minister Sheikh Hasina on Saturday said Bangladesh has taken a loan from the International Monetary Fund (IMF) as a "breathing space" while the global lender assured of continuing to provide such support in future. "We have taken the loan from the IMF as breathing space," quoting the Prime Minister as
Tag: IMF loan
IMF loan can be touchstone of financial sector reforms
The government's successful negotiation of a $4.7 billion, approved at the Executive Council of the International Monetary Fund (IMF), will raise confidence in the macro economy amid a volatile foreign exchange market, analysts said.They said that the IMF loan program can help bring stability to the macroeconomic situation in two
IMF DMD in Dhaka to finalize $4.5b loan
The Deputy Managing Director (DMD) of the International Monetary Fund (IMF), Antoinette Monsio Sayeh, arrives in Dhaka today for a 5-day visit.She will stay in Dhaka till January 18. During her visit, Sayeh will meet with the prime minister, finance minister, governor of Bangladesh Bank and other senior officials of
Govt working on IMF conditions to get $4.5b loan
The government has started implementing some of the conditions set by the International Monetary Fund's (IMF's) in the financial and energy sectors ahead of the global lender's board meeting to discuss Bangladesh's $4.5 billion loan request, according to sources at the finance ministry. As part of this, the interest cap
BNP is now doing politics over IMF loan: Quader
Awami League General Secretary Obaidul Quader Friday said as BNP's political bankruptcy has reached such a low point, the party is now doing politics over the loan of the International Monetary Fund (IMF). "A few days ago, they (BNP leaders) conspired and presented false and fabricated information on the Bangladesh economy
FBCCI against IMF loan if dignity compromised
Federation of Bangladesh Chamber of Commerce and Industry (FBCCI) President Md. Jasim Uddin has said, Bangladesh does not need to borrow money from the International Monetary Fund (IMF) if the country's dignity is sacrificed. He also opposed hiking the current lending interest rate. Jasim said this while speaking at 'ERF's
IMF loan to stabilize forex market, reserve
Bangladesh is expecting around USD $4.5 billion loan from the International Monetary Fund (IMF) 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 per cent and current account deficit of $17.23 billion in the recently concluded