IMF board approves $4.7 billion support program for Bangladesh

January 31, 2023 / 7:50 AM
Commuters make their way along a street amid dusty conditions in Dhaka - Archived
Sharjah24 - Reuters: The International Monetary Fund on Monday said its executive board approved a support program for Bangladesh worth $4.7 billion at current exchange rates, making the South Asian country the first to access its new Resilience and Sustainability Facility (RSF).
The funding includes $3.3 billion under the IMF's Extended Credit Facility and Extended Fund Facility programs and $1.4 billion under the new RSF, which aims to help vulnerable middle-income countries and island states.

The board approval of a staff agreement reached last November allows the immediate disbursement of about $476 million to Bangladesh, the IMF said.
January 31, 2023 / 7:50 AM

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