August 8, 2022, 2:05 am

Staff Correspondent

2022-08-04 10:45:46 BdST

Request for funds will safeguard Bangladesh from further deterioration: IMF

The International Monetary Fund has reassured Bangladesh of support, saying funds requested by the country will “safeguard it from further deterioration of external conditions”.

Even as Bangladesh tackles immediate challenges created by the Russia-Ukraine war, it recognises the need to respond to the long-term challenge posed by climate change, an IMF spokesperson said on Wednesday. 

IMF’s new Resilience and Sustainability Trust is expected to be operationalised for Bangladesh in the coming months.

The IMF staff will work with Bangladesh authorities to design a program “most relevant to its economic and social dynamics, according to the statement.

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