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Bangladesh Seeks IMF Loans as Its Forex Reserves Decline

IMF And World Bank Headquarters During Virtual Spring Meetings
Photographer: Al Drago/Bloomberg
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Bangladesh is seeking a loan from the International Monetary Fund, becoming the latest South Asian nation to ask for assistance as costlier oil eats into the region’s foreign-exchange stockpiles.

Prime Minister Sheikh Hasina’s government has written to the multilateral lender with its request, an IMF spokesperson said in response to emailed queries.