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IMF begins talks on fresh loans


//business-finance.news-articles.net/content/2024/12/03/imf-begins-talks-on-fresh-loans.html
Published in Business and Finance on Tuesday, December 3rd 2024 at 13:31 GMT by Bill Williamson   Print publication without navigation

  • The third review mission of International Monetary Fund (IMF) yesterday entered into discussions with the interim government of Bangladesh regarding potential conditions for a fresh $3 billion loan.

The International Monetary Fund (IMF) has initiated discussions with Bangladesh regarding a new series of loans, following the disbursement of the final tranche of a $4.7 billion loan program. This new negotiation comes as Bangladesh aims to manage its economic challenges, including a dollar crisis and the need for foreign exchange reserves. The talks, which began on Monday, involve a visiting IMF team led by Chris Papageorgiou, who is the IMF's mission chief for Bangladesh. The discussions are part of a broader effort to support Bangladesh's economic stability and growth, focusing on policy reforms and economic restructuring. The IMF's engagement is crucial as Bangladesh navigates through global economic pressures and seeks to enhance its financial resilience.

Read the Full The Daily Star Article at:
[ https://www.thedailystar.net/business/news/imf-begins-talks-fresh-loans-3767826 ]

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