Why is Bangladesh turning to IMF, World Bank & Asian Development Bank?
Yet another South Asian nation seeking help; forex reserves dented by costly oil. Lanka & Pak are already in talks with the IMF for loans to tide over economic jolts. Balance of Payments in deficit - Energy, food prices have inflated Dhaka's import bill. Forex reserves slipped to $39.79BN as of July 13, from $45.33BN a year earlier.
