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
Pakistan stood by us when China was isolated: Xi Jinping
ISLAMABAD (TIP): Chinese President Xi Jinping on April 21 described Pakistan as China’s “dependable” friend and firmly backed its territorial integrity, as he announced long-term support for the cash-strapped country’s economic development. Addressing a joint sitting […]
Asia
Hundreds of thousands evacuated as cyclone hits Bangladesh
DHAKA (TIP): Cyclone Mora hit Bangladesh on May 29 packing winds of up to 117 kilometres per hour (73mph) after authorities evacuated hundreds of thousands of people from low-lying coastal villages. The severe cyclonic storm made landfall on […]
Asia
Bangladesh court issues arrest warrant for opposition leader Khaleda Zia
DHAKA (TIP): A Bangladeshi court on February 25 issued an arrest warrant for opposition leader Khaleda Zia for failing to attend hearings on graft cases, amid growing political turmoil in the country. Judge Abu Ahmed, […]
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