IMF agrees $4.5 billion Bangladesh support programme

LONDON (Reuters) – The International Monetary Fund provisionally agreed a $4.5 support programme for Bangladesh on Wednesday.

In statement the IMF said a “staff-level agreement” had been reached for a 42-month arrangement, including about $3.2 billion from its Extended Credit Facility (ECF) and Extended Fund Facility (EFF), plus about $1.3 billion from its new Resilience and Sustainability Facility (RSF).

“The objectives of Bangladesh’s new Fund-supported program are to preserve macroeconomic stability and support strong, inclusive, and green growth, while protecting the vulnerable,” the statement said.

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