Bangladesh government has requested $6 billion in budget support from international lenders, including the World Bank, Asian Development Bank (ADB), Japan International Cooperation Agency (JICA), and the International Monetary Fund (IMF). The funds are needed to pay import bills for essential products like electricity, fuel, and fertilizers, and to stabilize the country’s foreign exchange reserves. Bangladesh is seeking $1 billion each from the World Bank, ADB, and JICA, and an additional $3 billion from the IMF.
Formal negotiations are expected to start soon, with the loans anticipated by December. The government aims to use $2 billion from the World Bank and ADB loans to settle overdue payments for electricity, gas, and fuel oil imports.
Comment here