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Published 11 days ago

Bangladesh gets draft approval for IMF payout of $1.2B

Summary by Inquirer
WASHINGTON, United States — IMF staff and Bangladesh have reached an agreement to unlock close to $1.2 billion in financing as the South Asian country grapples with declining foreign exchange reserves, the Washington-based institution said Wednesday. Following two weeks of talks in Dhaka, the International Monetary Fund said a “staff-level agreement” had been reached to

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