London: The International Monetary Fund (IMF) has reaffirmed its commitment to Bangladesh following the recent ouster of Prime Minister Sheikh Hasina due to widespread protests. The IMF, which approved a $4.7 billion loan program for the country in January 2023, expressed deep sadness over the loss of lives and injuries caused by the unrest. The organization remains dedicated to supporting Bangladesh’s efforts to achieve economic stability and foster inclusive growth.
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The crisis unfolded as student-led protests led to Hasina’s resignation and subsequent flight from the country. The political turmoil has resulted in hundreds of casualties, exacerbating the nation’s instability. As of Tuesday, Bangladesh is awaiting the formation of an interim government to address the ongoing challenges.
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Despite the current upheaval, the IMF’s continued support aims to bolster economic stability and support the nation through this turbulent period. The Fund’s commitment underscores its dedication to aiding Bangladesh’s recovery and long-term development.
