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Bangladesh Receives $1.3 Billion IMF Boost Amid Economic Pressures
Dhaka, Bangladesh – The International Monetary Fund (IMF) approved a $1.33 billion disbursement to Bangladesh on Monday, providing crucial financial support as the nation navigates meaningful economic headwinds. This latest injection of funds, stemming from a combined review of multiple facilities, aims to bolster the country’s foreign reserves and stabilize its macroeconomic outlook.
Breakdown of the IMF Funding
The disbursement comprises $884 million through the Extended Credit Facility (ECF) and Extended Fund Facility (EFF), alongside an additional $453 million from the Resilience and Sustainability Facility (RSF).Moreover, the IMF has augmented existing credit lines by 567.2 million Special Drawing Rights (SDRs) – equivalent to approximately $733 million USD based on current exchange rates [[1]] – and extended the program’s duration by
