Bangladesh Expects $1.1 Billion in IMF, ADB Loans by December.

Bangladesh's central bank expects to receive $1.1 billion in loans from the International Monetary Fund (IMF) and Asian Development Bank (ADB) by next month. These loans will help alleviate pressure on the country's currency and foreign-exchange reserves. The IMF and ADB loans will provide $681 million and $400 million, respectively. Bangladesh has been facing a dollar liquidity squeeze, leading to a downgrade in its sovereign rating outlook. The new loans will help address the dollar shortage and ease the country's short-term financial obligations. The central bank also anticipates the currency to appreciate further. Bangladesh aims to reduce inflation to 8% by December and 6% by the end of the fiscal year in June. Economic stress is expected to decline rapidly after the national elections in January. [Extracted from the article]