Bangladesh expects USD 1.1 billion in loans from the IMF, ADB by December

Bangladesh expects to receive USD 1.1 billion in loans from the IMF and ADB by next month to cope with falling reserves. The country expects USD 681 million from the IMF as part of a USD 4.7 billion bailout agreed in January and another USD 400 million from the ADB. Its gross foreign exchange reserves have fallen to USD 25.16 billion in November. The high cost of living has led to street protests by opposition parties, including workers from the garments industry. https://ift.tt/kRMwJX8