By Admin 
Imf: After ‘Operation Sindoor’, Pakistan spread the bag for financial assistance in front of the International Monetary Fund (IMF) amid tension with India. Now another neighboring country of India has joined this queue. We are talking about Bangladesh here. According to the information given by the IMF itself, Bangladesh is seeking a loan of $ 762 million (about 6.360 crore) from the International Monetary Fund.
So far has been given so much help
IMF said on Wednesday that Bangladesh is seeking a loan of $ 762 million to deal with the current economic crisis. Let us know that the IMF approved a $ 4.7 billion loan for Bangladesh in the year 2023. So far, $ 2.3 billion has been given in three installments.
After the financial assistance given now, the total package received by Bangladesh from IMF will reach $ 4.1 billion (about Rs 35,000 crore). According to a report by news agency PTI, Bangladesh Bank Governor Ahsan H Mansoor on Wednesday also announced adopting a floating exchange rate managed with immediate effect to follow the terms of IMF.
Agreement between Bangladesh government and IMF
Let us know that a staff level agreement has been done between the Government of Bangladesh and the IMF. This agreement has been done under these three schemes under the Extended Credit Facility (ECF), Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF).
However, the approval of the IMF Executive Board is yet to be received on this. If the approval is received, Bangladesh is expected to get the next installment of $ 1.3 billion. Out of this, 874 million dollars will be met under ECF and EFF schemes and $ 448 million from RSF scheme.
Bangladesh will have to accept these conditions
However, for this, Bangladesh will also have to consider the terms of the IMF such as improving the banking sector, strengthening the central bank of Bangladesh and making the foreign exchange rate completely market -based.
Significantly, like Pakistan, Bangladesh’s economy is going through a difficult period at this time. External debt is increasing. Economic and political conditions within the country remain unstable. This is the reason that in the first half of FY 2025, the growth rate has come down to 3.3 percent. Inflation here has also increased to 8.5 percent.
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