Continued life-line from the IMF, World Bank and ADBThe IMF approved Bangladesh's US$4.7 billion bailout in January 2023. The (ADB) has been a major source of external financing in Bangladesh, providing an average of US$2 billion per year since 2016. As of 31 December 2023, ADB has committed 726 public sector loans, grants, and technical assistance totalling US$31.8 billion to Bangladesh. Time Magazine in its cover story (30 Nov. 2023) expressed grave concerns about the fate of democracy in Bangladesh under the "Hard Power" of Sheikh Hasina. The Bank's recently approved loan of US$900 million to Bangladesh is apparently for strengthening fiscal and financial sector and ensuring sustainable and climate-resilient growth.

Source: International New York Times August 06, 2024 18:17 UTC