IMF approves USD 4.7 billion loan for Bangladesh

IMF approves USD 4.7 billion loan for Bangladesh

Daily Current Affairs   /   IMF approves USD 4.7 billion loan for Bangladesh

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Category : International Published on: February 03 2023

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  • The International Monetary Fund (IMF) Executive Board approved a total of USD 4.7 billion loan for Bangladesh. 
  • It includes USD 3.3 billion under the Extended Credit Facility (ECF) and Extended Fund Facility (EFF) and USD 1.4 billion under the Resilience and Sustainability Facility (RSF) for Bangladesh.
  • Bangladesh is the first country in Asia to receive financing under the RSF.
  • The fund will be disbursed to Bangladesh over a period of 42 months to support Bangladesh’s economic policies.  
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