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Reuters
Reuters
Business

Bangladesh seeking $2 Billion from World Bank, ADB - Bloomberg News

World Bank ADB Bangladesh Deficit International Monetary Fund
FILE PHOTO: Workers package tiffin carriers inside a factory in Dhaka, Bangladesh, August 2, 2022. REUTERS/Mohammad Ponir Hossain

Bangladesh is seeking $2 billion from the World Bank and the Asian Development Bank (ADB) amid efforts to bolster its foreign exchange reserves, Bloomberg News reported on Wednesday.

Bangladesh's $416 billion economy has been one of the fastest-growing in the world for years, but rising energy and food prices because of the Russia-Ukraine war have inflated its import bill and the current account deficit.

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