Dhaka, June 3 -- Bangladesh has formally requested a fresh financial arrangement from the International Monetary Fund (IMF) to support and anchor its ongoing macroeconomic reform initiatives, the global lender announced on Wednesday.

In a statement issued today (Wednesday), IMF Mission Chief for Bangladesh, Mr. Ivo Krznar, said that discussions are already underway regarding the policy priorities and structural updates underpinning the new funding request.

"The ongoing IMF-supported program, approved in January 2023 under the Extended Credit Facility (ECF), Extended Fund Facility (EFF), and Resilience and Sustainability Facility (RSF), has served as a critical policy anchor for Bangladesh," the Mission Chief noted.

However, the global ...