IMF agrees $4.5-B Bangladesh support program

LONDON  – The International Monetary Fund provisionally agreed a $4.5-billion  support program 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.