New loan negotiations with IMF: Positive outcome by January, hopes finance minister
Bangladesh, Nov. 12 -- Credit negotiations with the International Monetary Fund (IMF) are ongoing and could yield a positive outcome by January, the finance minister said Wednesday after a revenue-review meeting.
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Amir Khosru Mahmud Chowdhury noted that Bangladesh's engagement with the IMF was not limited to securing loans but also involved "broader international cooperation with other multilateral development partners and access to international bond markets".
The present government is negotiating a fresh loan package worth US$4.5 billion to support deficient budgetary spending, having cancelled the previous one halfway through in view of hard terms.
Turing to the revenue front, Finance Minister Khosru spoke about hope-r...
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