The writer is managing director at RetailBook, a platform on London Stock Exchange backed by Rothschild & Co and Jefferies, and has worked on over 500 transactions raising more than $200 billion across more than 30 markets.
When the IMF’s Asia-Pacific director signalled to Bangladesh’s delegation in Washington last week that the expected $1.3 billion tranche would not be released in June, the key message was not financial but what Bangladesh can credibly offer in return, and what it cannot.