NEW YORK/WASHINGTON: (May 14) The International Monetary Fund said Wednesday that Bangladesh sought an increase of about USD 762 million in financial support amid significant macroeconomic challenges, bringing the total financial assistance for the country under various arrangements to about USD 4.1 billion.
The IMF staff and the Bangladesh authorities have reached a staff-level agreement on the policies needed to complete the combined third and fourth reviews under the Extended Credit Facility (ECF), Extended Fund Facility (EFF), and Resilience and Sustainability Facility (RSF).
The staff-level agreement awaits IMF Executive Board approval and depends on prior actions, including tax reforms and full exchange rate liberalisation, the Fund said in a statement. PTI
