Bangladesh confidence lifts with IMF loan but tough reforms await

Officials cheer while experts warn against counting chickens too early

20221110 bangladesh

Employees dine at a garment factory in Dhaka: Bangladesh has struck a preliminary deal with the IMF to help stave off an economic crisis. © Reuters

SYFUL ISLAM, Contributing writer

DHAKA -- Bangladesh's staff-level agreement with the International Monetary Fund for a $4.5 billion loan should give other development partners more confidence to extend assistance, analysts say, but the South Asian country still has plenty of work cut out for it.

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