CURRENT AFFAIRS

Detailed explanation-1: -IMF agrees $4.5 billion loan for Bangladesh to combat economic crisis.

Detailed explanation-2: -DHAKA – Bangladesh received a dose of economic relief this week as the International Monetary Fund’s board approved a $4.7 billion loan program, but experts warn that the South Asian country’s problems will not be solved so easily.

Detailed explanation-3: -Enhancing financial sector regulation and setting a ceiling on the government’s budget deficit are also some of the conditions set by the IMF. The rationale is that increasing waste reduction efforts will eventually relieve economic pressure.

Detailed explanation-4: -The IMF provides financial assistance and works with governments to ensure responsible spending. The IMF offers various types of loans that are tailored to countries’ different needs and specific circumstances. Loans to low-income countries carry a zero interest rate.