DHAKA (Reuters) – Bangladesh’s finance minister said on Wednesday the country had sought an International Monetary Fund (IMF) loan to ensure economic instability does not escalate into a crisis.
The IMF provisionally agreed a $4.5-billion support programme on Wednesday for Bangladesh, hit by inflation and dwindling reserves of foreign exchange, making it the third South Asian nation to secure a bailout.
(Reporting by Ruma Paul, Writing by Shivam Patel, Editing by Andrew Heavens)
