Bangladesh Miss IMF Fx Conditions / Ask China For 36 BILLION Yuan Loan to Reduce Pressure on Dollar Reserves!8 May 2024 09:48
News TODAY!
"Bangladesh to seek over 36Bn yuan in Chinese loans - Bangladesh will seek a loan of more than 36 BILLION yuan, equivalent to 5 Billion dollars, from China to reduce pressure on its dollar reserves."
"Sources in the Ministry of Finance and Commerce said the Prime Minister's Office has already given the approval"
Re: IMF Meeting - "Foreign reserve could not be maintained. To get the third tranche of the loan the IMF had a condition to preserve net reserves of $19.26Bn at end of March and $20.1Bn by the end of June. Currently the net reserve of Bangladesh is about $15Bn"
Source: BBC Bangla (bbc.com/Bengali/articles/cp0gpg53d8jo)
Bangladesh in serious trouble - running to China for help - Conditions / Way out will need to be presented!
Phulbari - GO!