IMF approves $4.7 billion loan for bangladesh

[fallstuff]

Bangladesh secures $4.7 bln from IMF as other South Asian countries see delays

The International Monetary Fund (IMF) has approved loans of $4.7 billion to Bangladesh for disbursal starting immediately, making it the first to secure such funds out of three South Asian countries that applied last year amid economic trouble.

www.reuters.com

 

[bluesky]

This will help their currency strength

Just needs some months from now, global financial situation will be easing. This IMF loan is needed at the moment

If you think this IMF small loan will strengthen the Taka rate, better you ask the Bangladesh bank to stop fixing the dollar rate at 100 Taka.

The Taka will soon fall to Tk120 - Tk140 without regulations in a few weeks. I do not think this small money of a few hundred million dollars of IMF loan this year will help BD unless the fundamentals are fixed.

 

[flameboard]

Yikes Bangladesh following Pakistan’s example?

Hope fully they can stay away from the IMF in the future

 

[bluesky]

Yikes Bangladesh following Pakistan’s example?

Hope fully they can stay away from the IMF in the future

By reading your post, I think you are trying to imply that Pakistan's problems arose from requesting IMF to help it and not the other way.

However, in the case of Bangladesh, it is asking for IMF loans because its govt successfully mismanaged the country's economy.