WASHINGTON (TIP): IMF staff and Bangladesh have reached an agreement to unlock close to $1.2 billion in financing as the South Asian country grapples with declining foreign exchange reserves, the Washington-based institution said May 08. Following two weeks of talks in the capital, Dhaka, the International Monetary Fund said a “staff-level agreement” had been reached to pay out the latest portion of three ongoing programs — subject to board approval. (AFP)
Business & Economics
India Faces Multiple Challenges
Asia
Migration fears as Bangla zealots go after Hindus
NEW DELHI (TIP): After reciting all his morning shlokas and mantras, 70-year-old Ananda Gopal Ganguly , bowed before the multi-armed, lion-mounting Goddess Durga, walked out of the temple, climbed his bicycle and pedalled slowly through […]
South Asia
Bangladesh suspends job quotas after student protests
DHAKA (TIP): Bangladesh‘s top court on July 10 temporarily suspended quotas for coveted government jobs after thousands of students staged nationwide protests against what they call a discriminatory system, lawyers said. The quota system reserves […]
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