Bangladesh sought IMF loan to prevent economic crisis, says minister

DHAKA (Reuters) – Bangladesh’s finance minister said on Wednesday the country had sought an International Monetary Fund (IMF) loan to ensure economic instability does not escalate into a crisis.

The IMF provisionally agreed a $4.5-billion support programme on Wednesday for Bangladesh, hit by inflation and dwindling reserves of foreign exchange, making it the third South Asian nation to secure a bailout.

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