INSUBCONTINENT EXCLUSIVE:
The International Monetary Fund (IMF) has approved loans of $4.7 billion to Bangladesh for disbursal starting immediately, making it the
first to secure such funds out of three South Asian countries that applied last year amid economic trouble.The loans are a win for Prime
Minister Sheikh Hasina ahead of a general election early next year and will help the country, which has seen a sharp widening of its current
account deficit, depreciation of the taka currency and a decline in its foreign exchange reserves.Bangladesh will get about $3.3 billion
The IMF executive board also approved about $1.4 billion under its newly created Resilience and Sustainability Facility for climate
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