INSUBCONTINENT EXCLUSIVE:
Bangladesh is to hold talks with the International Monetary Fund after applying for a bailout to prevent the country running out of cash.The
down.The IMF said Bangladesh was also interested in its new resilience and sustainability facility, which is aimed at helping countries face
the world for years and is based mainly on a garment industry that supplies retailers in Europe, the US and South America.However, rising
deficit.About 90 countries have sought support from the IMF during the pandemic, but only a handful have been forced to seek bailouts to
avoid defaulting on loans or being unable to pay bills.Overall, the Washington-based lender of last resort is making about $250bn, a quarter
an IMF loan only if conditions were favourable, after he denied the underlying financial situation facing the country of 170 million people
the past IMF officials have insisted bailouts are accompanied by stringent demands for transparency about where the funds are spent
The lender has also demanded an end to subsidies for businesses and households that it considers unaffordable, as the price of any loan.Sign
in the same period last year, as its trade deficit widened and remittances fell.
This article first appeared/also appeared in theguardian.com
