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    IMF approves $356m in emergency funding for pandemic-hit Myanmar

    | Updated at 10:58pm on June 27, 2020

    The International Monetary Fund on Friday said that it would provide Myanmar with $356.5 million in emergency funding, as the southeast Asian country battles an...

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    COVID-19 wipes out $12t from global economy: IMF

    Agence France-Presse . Washington | Updated at 10:59pm on June 25, 2020

    The global coronavirus pandemic has sparked an economic ‘crisis like no other,’ sending world GDP plunging 4.9 per cent this year and wiping out $12...

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    IMF okays $732m emergency loan for Bangladesh

    Staff Correspondent | Updated at 11:25am on May 30, 2020

    The International Monetary Fund will give $732 million in emergency assistance to Bangladesh to help finance the health, social protection and macroeconomic stabilisation measures, meet...

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    Bangladesh to ask IMF to release $700m loan soon

    Staff Correspondent | Updated at 11:09pm on May 10, 2020

    The government is going to ask the International Monetary Fund for releasing $700 million loan to assist the country’s balance of payment. Finance minister AHM...

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    Salehuddin disagrees with World Bank, International Monetary Fund

    Shakhawat Hossain | Updated at 12:14pm on April 18, 2020

    Former Bangladesh Bank governor Salehuddin Ahmed said that he disagreed with projections of a mere 2 per cent growth in gross domestic product made by...

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    Coronavirus to halt Asia growth for 1st time in 60yrs: IMF

    Business Desk | Updated at 09:32pm on April 16, 2020

    Asia as a region will not register any economic growth this year for the first time in 60 years because of the coronavirus pandemic, according...

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    Bangladesh GDP growth to hit 40-yr low at 2pc this FY: IMF

    Staff Correspondent | Updated at 02:16pm on April 15, 2020

    The International Monetary Fund has predicted a bleak economic prospect for Bangladesh, setting the country’s gross domestic product growth at only 2 per cent for...

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    World has entered recession: IMF

    Agence France-Presse . Washington | Updated at 09:25pm on March 28, 2020

    The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations, IMF chief Kristalina Georgieva said...

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    World needs coordinated fiscal response to pandemic: IMF chief

    Agence France-Presse . Washington | Updated at 09:39pm on March 16, 2020

    Global governments must work together to provide massive spending as in the 2008 financial crisis to help the economy withstand the damage from the coronavirus...

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    World Bank, IMF, and their iron-clad secrecy

    Bill Willers | Updated at 12:00am on February 24, 2020

    The genius of the World Bank was to recognise that it’s not necessary to occupy a country in order to impose tribute, or to take...