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The International Monetary Fund (IMF) has reached a preliminary agreement to provide a $4.5 billion loan to Bangladesh, aiming to support the country's struggling economy amid increasing energy and food prices. The deal is seen as crucial in preventing economic instability from escalating into a crisis. Bangladesh, known for its rapid economic growth, has faced challenges due to rising import costs and a widening current account deficit caused by global factors such as Russia's invasion of Ukraine.
Tuesday, 8 November, 2022