Bangladesh Seeks New IMF Program as Reform Challenges Mount

Article content (Bloomberg) — Bangladesh is pushing for a fresh lending arrangement with the International Monetary Fund to replace an existing $5.5 billion bailout program that the government says was “designed for a different economic reality.” Article content In a virtual meeting between Finance and Planning Minister Amir Khosru Mahmud Chowdhury and IMF Deputy Managing Director Nigel Clarke last week, both the sides agreed to move quickly toward a new program, the finance ministry said in a statement Monday. Article content Article content Article content The new arrangement is likely to sp…