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

Change Language English Hindi

Category : International Published on: February 03 2023

Share on facebook
  • 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.  
Recent Post's
  • Indian-American musician and entrepreneur Chandrika Tandon has won a Grammy Award for her album "Shanti - A Journey of Peace".

    Read More....
  • Shri H Shankar has taken charge as the Managing Director of Chennai Petroleum Corporation Ltd.

    Read More....
  • Prime Minister launches Dhan-Dhaanya Krishi Yojana to enhance agricultural productivity in 100 low crop productivity districts.

    Read More....
  • Canada imposes a 25% tariff on U.S. imports in retaliation to Trump's tariffs.

    Read More....
  • Benjamin Netanyahu appoints Major General Eyal Zamir as the new head of the Israeli Defense Forces.

    Read More....
  • India and Oman agree to amend the Double Taxation Avoidance Agreement to enhance bilateral cooperation.

    Read More....
  • New Zealand's Mount Taranaki has been granted legal personhood, recognizing it as a living entity with rights and responsibilities.

    Read More....
  • The Government of India has appointed Abhinav Gupta as the Additional Director General of the Directorate General of Foreign Trade (DGFT).

    Read More....
  • Former Chief Election Commissioner Navin Chawla Dies At 79.

    Read More....
  • All India Radio and the Ministry of Culture launched the classical music series 'Har Kanth Mein Bharat' to celebrate India's rich musical heritage.

    Read More....