IMF to give $4.5 bn bank loan for Bangladesh to fight financial crisis


Bangladesh and the IMF on Wednesday reached a preliminary settlement less than which the world wide loan provider will give a USD 4.5 billion assist package deal to stabilize its financial state and shield the susceptible individuals.

&#13

The IMF arrangement arrived months soon after conversations among the world loan provider and Bangladesh officials.

Bangladesh is the third South Asian country after Sri Lanka and Pakistan to secure a bailout bundle from the IMF to tide about the sharp increase in food and energy charges induced by the coronavirus pandemic and the worldwide inflation because of to the Russia-Ukraine war.

&#13

The amount will be disbursed in seven installments until December 2026. The to start with installment of USD 447.48 million will be cleared in February upcoming calendar year, even though the loan’s fascination charge would depend on the current market price at the time of maturity, Finance Minister AHM Mustafa Kamal informed a news briefing just after the signing of the agreement in Dhaka.

&#13

Finance ministry officials calculated the interest price to be all-around 2.2 for each cent.

&#13

“We are having the financial loan just the way we desired. The

Comments are closed.