Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.55%
12M T-Bill Rate10.07%
2Y T-Bond Rate10.55%/ 10.65%
4Y T-Bond Rate11.80% / 11.85%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Bangladesh Seeking IMF loan as Its FX Reserves Fall

InternationalJul 27, 2022
Bangladesh Seeking IMF loan as Its FX Reserves Fall

Bangladesh is seeking a loan from the IMF, becoming the latest South Asian nation to ask for financial assistance as surging commodity prices eat the FX reserves faster phase. They decided to seek assistance when the months of imports fell just below 5 months.

A fall in forex reserves in Bangladesh below USD 40 Bn, enough to cover only about five months of imports, has forced the government to seek a $4.5 billion loan from the International Monetary Fund, the Daily Star newspaper said.

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