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Bangladesh to be first in Asia to get hold of mortgage from IMF’s ‘Resilience and Sustainability Fund’

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17 January, 2023, 04:10 pm

Remaining changed: 18 January, 2023, 03:14 pm

FILE PHOTO: World Financial Fund brand is noticed outdoor the headquarters construction all over the IMF/International Financial institution spring assembly in Washington, US, April 20, 2018. REUTERS/Yuri Gripas

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FILE PHOTO: International Monetary Fund logo is seen outside the headquarters building during the IMF/World Bank spring meeting in Washington, US, April 20, 2018. REUTERS/Yuri Gripas

FILE PHOTO: World Financial Fund brand is noticed outdoor the headquarters construction all over the IMF/International Financial institution spring assembly in Washington, US, April 20, 2018. REUTERS/Yuri Gripas

Bangladesh goes to be the primary nation in Asia to get hold of mortgage from World Financial Fund’s (IMF) “Resilience and Sustainability Fund” (RSF).

The primary nation on the earth to get hold of this IMF mortgage used to be Barbados, adopted through Costa Rica and Rwanda. After that, there are 5 extra nations at the record to get hold of loans from the RSF. Bangladesh is on the most sensible of the record.

The IMF board authorized the fund on 13 April, 2022, and it become efficient on 1 Might, 2022. The fund used to be created for low and middle-income nations which can be in peril because of local weather trade.


In keeping with the IMF, this fund is for nations with low earning, top debt burdens, top prices to take care of local weather trade dangers, and deficits in construction spending.

The worldwide lender says borrowing has greater in lots of low- and middle-income nations within the put up Covid-19 duration.


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