Wednesday, November 9, 2022

How Bangladesh went from an economic miracle to needing IMF help

Women manufacture clothes in Dhaka, Bangladesh on Aug. 29. The ready-made garment (RMG) industry in Bangladesh is now a mainstay of the country

Millions emerged from poverty in recent decades. But now, rising fuel prices, weak exports and scant remittances are sabotaging growth, and Bangladesh asked the IMF for $4.5 billion in loans.

(Image credit: Mustasinur Rahman Alvi/Eyepix Group/Future Publishing/Getty Images)

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