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Economy

Bangladesh seeks IMF lifeline after record stimulus package

Cash infusion may not be enough to cushion blow from COVID-19 crisis

Women carry relief supplies provided by local authorities amid the coronavirus outbreak in Dhaka on April 2.   © Reuters

DHAKA -- Bangladesh is seeking $700 million in financial backing from the International Monetary Fund after rolling out its biggest-ever stimulus package. The government hopes the move will prevent the coronavirus pandemic from ravaging its trademark macroeconomic stability.

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