Bangladesh seeking $2 billion from World Bank, ADB - South Asia Time

Bangladesh seeking $2 billion from World Bank, ADB

 August 4, 2022  

Bangladesh: In an effort to increase its foreign exchange reserves, Bangladesh is requesting $2 billion from the World Bank and the Asian Development Bank (ADB), according to a Wednesday report by Bloomberg News.

Bangladesh’s $416 billion economy has long been among the fastest-growing in the world, but the Russia-Ukraine war’s rising energy and food prices have increased the country’s import bill and current account deficit.