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IMF approves $4.7 billion loan for bangladesh

bluesky

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This will help their currency strength

Just needs some months from now, global financial situation will be easing. This IMF loan is needed at the moment
If you think this IMF small loan will strengthen the Taka rate, better you ask the Bangladesh bank to stop fixing the dollar rate at 100 Taka.

The Taka will soon fall to Tk120 - Tk140 without regulations in a few weeks. I do not think this small money of a few hundred million dollars of IMF loan this year will help BD unless the fundamentals are fixed.
 
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bluesky

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Yikes Bangladesh following Pakistan’s example?

Hope fully they can stay away from the IMF in the future
By reading your post, I think you are trying to imply that Pakistan's problems arose from requesting IMF to help it and not the other way.

However, in the case of Bangladesh, it is asking for IMF loans because its govt successfully mismanaged the country's economy.
 

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