IMF Says Working with Bangladesh on RST Loan with 'Safeguards'

The International Monetary Fund said it would work with Bangladesh to design a loan program request in coming months that meets the country's economic and social dynamics and has "safeguards" in the event of a further deterioration in economic conditions, Reuters reported. In a revised statement of support for Bangladesh's request for a loan from the new IMF Resilience and Sustainability Trust, the Fund said that work on an RST loan will proceed as the new trust is being made operational. It also said it will work with Dhaka to design an IMF-supported reform program that would be required for the loan. Read more.