In this file photo taken on 15 April 2020 a sign is seen outside the headquarters of the International Monetary Fund (IMF) in Washington, DC.
AFP File Photo

Bangladesh has sought US dollar 1.5 billion from the International Monetary Fund (IMF) in the first phase under the package of loan assistance of US dollar 4.5 billion – the country applied to tackle the effects of climate change, and meet budget deficit.

Finance minister AHM Mustafa Kamal came up with this disclosure while talking to the Financial Times.

However, the IMF said they are yet to fix the amount of loan to be disbursed to Bangladesh. A discussion is underway over the loan.

AHM Mustafa Kamal said Bangladesh also sought more US dollar 4 billion from other multilateral lenders including World Bank (WB), Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB) and Japan International Cooperation Agency (JICA).

The finance minister expressed optimism over receiving the amount of loans from the donors.