Bangladesh Seeks $3 Billion IMF Emergency Aid to Help Pay Debt
Buildings in Dhaka, Bangladesh.
Photographer: Amir Hamja/BloombergThis article is for subscribers only.
Bangladesh’s new central bank governor said the country is seeking an additional $3 billion from the International Monetary Fund as it looks to recover from recent political turmoil, and is buying dollars from local banks to meet unpaid debt.
The South Asian country has begun talks with the Washington-based IMF for the additional loan, central bank Governor Ahsan H. Mansur said in an interview in the capital Dhaka. Bangladesh secured $4.7 billion in funding from the IMF last year.