Bangladeshi governor’s term extended amid pandemic crisis
IMF approves aid worth 50% of Bangladesh’s quota and says country faces major challenges
Bangladesh’s government has extended the term of its current central bank governor, according to local media, while the International Monetary Fund has approved a major aid package for the country.
The IMF’s executive board approved total aid worth $732 million, or 50% of its total quota for possible aid to Bangladesh, it announced on May 29. The IMF says the coronavirus pandemic has been “strongly impacting” Bangladesh’s economy, and that Bangladesh Bank had taken “appropriate steps” to
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