A Bangladesh delegation will discuss a $4.5 billion loan with International Monetary Fund officials in Washington next week.

Ahsan H Mansur of Policy Research Institute talks about Bangladesh’s current economic crisis with Eresh Omar Jamal of The Daily Star.

Prime Minister Sheikh Hasina today (July 27, 2022) said Bangladesh would be able to meet six to nine months of import expenditures with the existing foreign currency reserves.

The government finally raised its guard against the dwindling dollar reserves, putting its employees’ foreign tours on hold and deferring projects that require much imports.

In the face of falling foreign exchange reserves, Bangladesh Bank yesterday instructed banks to take up to 75 per cent of import payments in advance from businesses to open letters of credit (LCs) for luxury and non-essential goods.