Bangladesh seeks US$4.5b loan from IMF, newspaper says

Business & Finance
26 Jul 2022 • 5:34 PM MYT
Malay Mail
Malay Mail

Latest Malaysia breaking stories on politics, analysis and opinions

image is not available

DHAKA, July 26 — Bangladesh has sought a US$4.5 billion (RM20 billion) loan from the International Monetary Fund, the Daily Star newspaper reported today , the latest country in South Asia to seek such support amid rising pressure on the economies of the region.

Bangladesh has sought the funds for its balance of payment and budgetary needs, as well as for efforts to deal with climate change, the Daily Star said citing documents it had seen. It said the request was made on Sunday. — Reuters