Bangladesh’s Finance Minister AHM Mustafa Kamal has revealed the country expects to receive $750 million from the IMF and $200 million from the World Bank to support its people, businesses and industries suffering from the COVID-19 pandemic In all, the government expects $1 billion from both these institutions.
The coronavirus stands to wipe out 1.1 per cent of Bangladesh's gross domestic product, as per a projection of the Asian Development Bank (ADB), the minister said.
Remittance sent by migrant workers have kept the economy dynamic to some extent so far, but the flow would see negative impact soon as a significant number of migrant workers have returned to Bangladesh because of the outbreak.
