IMF Pledges Continued Support to Bangladesh Amid Political Turmoil

The International Monetary Fund (IMF) affirmed its commitment to Bangladesh following protests that led to the resignation and departure of Prime Minister Sheikh Hasina. Despite the turmoil, the IMF will proceed with a $4.7 billion loan to promote economic stability and inclusive growth in the nation.

The International Monetary Fund affirmed its unwavering commitment to Bangladesh amid the country's ongoing political upheaval that resulted in the prime minister's resignation.

In January 2023, the IMF approved a $4.7 billion loan program aimed at stabilizing Bangladesh's economy and fostering inclusive growth. Despite the recent violent student-led protests that caused numerous casualties and injuries, the organization remains dedicated to its goal.

Bangladesh is currently awaiting the formation of a new interim government following the turmoil. Prime Minister Sheikh Hasina resigned and fled the country on Monday after widespread demonstrations. (Reporting By Reuters newsroom; Editing by Andrew Heavens)

(With inputs from agencies.)