India Today:
Uproar over media reports equating Bangladesh seeking funds from the International Monetary Fund (IMF) — under the creditor’s Resilience and Sustainability Trust (RST) — to a ‘bailout package’, promoted the multinational lender to dispel such a barrage of misconceived notions.
Putting to rest reports of a dent in forex reserves, a pointer of an “impending doom” for Bangladesh, a top IMF official explained, “Even though Bangladesh’s reserves have come down, the stocks are still high enough to cover four to five months of prospective imports.”
With global headwinds looming across the bigger economies, originating first from the Covid pandemic and then from the Russia-Ukraine war-induced economic fallout, the opposition of South Asia’s youngest nation is on an overdrive to draw perhaps an outwardly foolhardy comparison between Sri Lanka and Bangladesh.
