The IFC had proposed the issue of a bond, similar to the Rupee bond set up for India, at the World Bank-IMF Spring Meeting in Washington, DC last April. The IFC informed Bangladesh it had reconsidered the proposal at the World Bank-IMF Annual Meeting in Washington, DC this October. “The IFC will no longer be issuing the $1 billion taka bond they had proposed last year,” Muhit told bdnews24.com. This is why they have reconsidered the decision.”Bangladesh had previously made ‘dollar bonds’ available to expatriates, but the IFC proposal would have been the first ‘taka bonds’ in the country. But there will be 4-5 percent interest on taka bonds.

Source: bd News24 October 26, 2016 06:22 UTC