Looming Economic Crisis in Bangladesh

[Ankit Kumar]

https://twitter.com/i/web/status/1554084530620866560

 

[Ankit Kumar]

Bangladesh seeks IMF support to head off financial crisis

Economists say the Bangladeshi taka has effectively slid against the U.S. dollar by around 20% in the past three months

www.thehindu.com

Support from IMF+World Bank+ ADB , going down ?

 

[Ashwin]

There is no crash coming for BD. They are just being extra careful. Even China takes cheap loans from ADB, that's how smart economies manage money.

 

[Ankit Kumar]

There is no crash coming for BD. They are just being extra careful. Even China takes cheap loans from ADB, that's how smart economies manage money.

For our own sake I hope that's the case, we don't want another refugee crisis.

 

[jetray]

Bangladesh seeks IMF support to head off financial crisis

Economists say the Bangladeshi taka has effectively slid against the U.S. dollar by around 20% in the past three months

www.thehindu.com

Support from IMF+World Bank+ ADB , going down ?

either they are expecting foreign reserves to decline in future or getting a loan before interest rates shoot up which is a smart thing do.

 

[Ankit Kumar]

Bangladesh raises fuel oil prices as much as 51.68%

bdnews24.com

50% price increase in one go.

 

[RISING SUN]

There is no crash coming for BD. They are just being extra careful. Even China takes cheap loans from ADB, that's how smart economies manage money.

They had 4 months import equivalent money in their forex account. Hence they're playing safe and proactive in avoiding a situation where don't have the forex left for imports and other trades.

 

[jetray]

Bangladesh raises fuel oil prices as much as 51.68%

bdnews24.com

50% price increase in one go.

premium fuel, straight to 5th gear.