Bangladesh is in talks with China for a loan of about $5 billion to bolster the nation’s dwindling foreign-exchange reserves, the central bank governor said, drawing the South Asian country closer to Beijing. The funds will be denominated in yuan and give exporters access to financing they can use to pay for much-needed raw material imports from China, Governor Abdur Rouf Talukder said in an interview in Dhaka on Tuesday.
Similar Stories to Bangladesh Looks To China For $5 Billion Loan on Bing News
Arun Devnath / Bloomberg, Time: World
Wed, 07/03/2024 - 12:30am
Topics: governor abdur rouf talukder bangladesh&rsquo international monetary fund southeast asia leaning more toward new survey shows mixed results sri lanka fitch ratings reserves imports u.s federal reserve prime minister sheikh hasina future democracy hennes mauritz ab adidas ag wal-mart inc gap inc bangladesh bank ldquo;we inflation ldquo;from july imf&rsquo prior march china south asian in beijing a talukder bangladesh read the more imf june sheikh hasina july billion currency country foreign role country’s we’ll prices months stood cover exports due key system budget economy improve
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