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Reuters
Reuters
Business
By Marc Jones and Ruma Paul

FORGOTTEN HISTORY: Imf agrees 4 5 billion bangladesh support programme | History Defined

FILE PHOTO: Employees dine between polythene sheets, as a safety measure to reduce the spread of coronavirus disease (COVID-19), at The Civil Engineering Limited garment factory in Dhaka, Bangladesh, August 17, 2021. REUTERS/Mohammad Ponir Hossain/File Photo

The International Monetary Fund (IMF) provisionally agreed a $4.5-billion support programme on Wednesday for Bangladesh, with the country's finance minister saying the deal would help prevent economic instability escalating into a crisis.

Bangladesh's $416-billion economy has been one of the world's fastest growing for years. But rising energy and food prices, sparked by Russia's invasion of Ukraine, along with shrinking foreign exchange reserves, have swelled its import bill and current account deficit.

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