Bangladesh : Requests for Disbursement under the Rapid Credit Facility and Purchase under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Bangladesh

Author/Editor:

International Monetary Fund. Asia and Pacific Dept

Publication Date:

June 3, 2020

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The COVID-19 pandemic is expected to severely affect the Bangladeshi economy. Remittance inflows have already started to decline in March. Exports also declined sharply in April with cancellation of several billion USD orders for the Ready-Made Garment industry. As a result, an immediate external financing gap of about USD 2.9 billion has emerged along a fiscal financing gap of about USD 2.8 billion.

Series:

Country Report No. 2020/187

Subject:

English

Publication Date:

June 3, 2020

ISBN/ISSN:

9781513546407/1934-7685

Stock No:

1BGDEA2020001

Format:

Paper

Pages:

51

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