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
Bangladesh PM Sheikh Hasina rejects Mamata’s plan, wants only Teesta
NEW DELHI (TIP): Bangladesh PM Sheikh Hasina signed off her hugely successful India visit on Monday with a restructured strategic relationship with India, but rejected Mamata Banerjee’s proposal for sharing rivers other than the Teesta. […]
South Asia
Myanmar’s civil war reshaped in past year with coordinated offensive by powerful resistance groups
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