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Bangladesh in a Position to Pay Back IMF Loan, PM Says

2023-05-24 07:17
Bangladesh is in a position to pay back the loan taken from the International Monetary Fund to shore
Bangladesh in a Position to Pay Back IMF Loan, PM Says

Bangladesh is in a position to pay back the loan taken from the International Monetary Fund to shore up the economy, Prime Minister Sheikh Hasina told the Qatar Economic Forum on Wednesday.

Authorities have raised energy prices, reduced subsidies and taken steps to unify its multiple currency exchange rates. The nation’s ability to implement the Washington-based lender’s prescriptions will remain key as it weighs a credit rating downgrade, Moody’s Investors Service said in April.

The South Asian country will buy crude oil from whoever supplies at a good price, Hasina said.