The International Monetary Fund (IMF) has approved Bangladesh's US$4.7 billion loan proposal during a board meeting on Monday. Bangladesh will get about $3.3 billion under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) and about $1.4 billion under the Resilience and Sustainability Facility (RSF), said a press
Tag: IMF
The year of inflation exposes dogma and class bias
Inflation worries topped Ipsos’s What Worries the World survey in 2022 overtaking COVID concerns. The return of inflation caught major central banks, e.g., the US Federal Reserve (Fed), Bank of England, European Central Bank “off guard”. The persistence of inflation also surprised the International Monetary Fund (IMF). The return of
IMF board may consider $4.5b loan for Bangladesh Jan 30
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
BB set to announce new monetary policy
Bangladesh Bank (BB) is going to announce a new monetary policy on Sunday in line with the advice of the International Monetary Fund (IMF).Bangladesh requested the IMF for a loan of $4.5 billion last July, and the global lending agency agreed to give it to Bangladesh subject to conditions.Before lending,
Deal On $4.5b Loan: IMF’s DMD arrives in Dhaka on Jan 14
International Monetary Fund (IMF) Deputy Managing Director and former Liberian minister Antoinette Monsio Sayeh will arrive in Dhaka on January 14 on a 5-day visit ahead of signing a $4.5 billion loan deal between the Washington-based lender and Bangladesh. Bangladesh has sought the loan from the IMF to deal with the
Economy offers reasons for optimism despite problems
Economists are hopeful that Bangladesh's economy will regain the growth momentum while reducing inflation and stabilising the exchange rate in the New Year. Despite higher inflation and fluctuating currency exchange rate, record defaulted loans, they are optimistic about the overall growth of the domestic economy, which is predicted by the
IMF led privatization, land and resource grab in Sri Lanka
On September 1, 2022, debt-trapped Sri Lanka reached a preliminary agreement with the International Monetary Fund (IMF) for a 48-month Extended Fund Facility of $2.9 billion, which hardly covers the country’s outstanding debt, nor its immediate survival needs. Nevertheless, IMF structural adjustment requires the country to meet its familiar debt restructuring
BB to formulate monetary policy twice a year
Country will take IMF loan without hard conditions: Quader
Road Transport and Bridges Minister Obaidul Quader said on Wednesday that the government will take loans from the International Monetary Fund (IMF), but will not accept any hard conditions."Global crises are affecting our national life. Pressure has been created on our reserves, prices of goods are soaring. Besides, we're also