WASHINGTON (TIP): IMF staff and Bangladesh have reached an agreement to unlock close to $1.2 billion in financing as the South Asian country grapples with declining foreign exchange reserves, the Washington-based institution said May 08. Following two weeks of talks in the capital, Dhaka, the International Monetary Fund said a “staff-level agreement” had been reached to pay out the latest portion of three ongoing programs — subject to board approval. (AFP)
Asia
Beijing to invest $3.7B in Sri Lankan oil refinery as Dissanayake seeks more Chinese investments
Featured
SAARC SUMMIT: ENERGY PACT SEALED, ROAD AND RAIL PACTS ON ANVIL
KATHMANDU (TIP): The 18th SAARC Summit concluded on November 27 in this scenic Nepalese capital with the eight South Asian nations signing a pact on energy cooperation and adoption of the Kathmandu Declaration that called […]
Europe
4 killed on last day of strike in Bangla
DHAKA (TIP): At least four persons were killed as fresh violence erupted on October 29 across Bangladesh on the final day of a 60-hour opposition strike demanding a caretaker regime to oversee the next general […]
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