Bangladesh scouring for loans amid growing economic woes 05.08.2022

Deutsche Welle | Aug 5, 2022 at 2:00 AM
  • Bangladesh recently became the third country in South Asia, after Pakistan and Sri Lanka, to seek financial support from the International Monetary Fund (IMF) this year.
  • Dhaka is now reportedly also seeking assistance from the World Bank and the Asian Development Bank to overcome the economic challenges it has been facing in recent months.
  • Bangladesh, a nation of over 160 million people, has had one of the fastest-growing economies in the world for years, but the nation has been hit hard by the global economic consequences of the Russia-Ukraine war.