Bangladesh will seek an additional $2 billion from multilateral partners, including the International Monetary Fund (IMF), to manage pressure on external payments amid increased emergency energy purchases caused by the US-Israel war on Iran, said the central bank governor today

Bangladesh’s balance of payments (BoP) deficit would widen massively in the current fiscal year than the central bank had earlier projected owing to escalated imports, lower remittances and export receipts, and higher accumulation of debts.

Restoring equilibrium in both money market and forex market should be the central bank’s singular goal.