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Bangladesh seeking $2 Billion from World Bank, ADB – Bloomberg News
Abstract：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.
Bangladeshs $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.
The government wrote letters to the two lenders seeking $1 billion each, the report said, citing people familiar with the matter. (https://bloom.bg/3oQEyPO)
This comes days after Bangladeshs Daily Star newspaper reported that the country wanted $4.5 billion from the International Monetary Fund (IMF), including for budgetary and balance-of-payment support.
Last week, IMF said it would discuss with Bangladesh its loan request.
The countrys finance ministry, World Bank and ADB did not immediately respond to Reuters requests for comment.
Bangladeshs July to May current account deficit was $17.2 billion, compared with a deficit of $2.78 billion in the year-earlier period, according to central bank data, as its trade deficit widened and remittances fell.
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FXGlory Review: Vanishing Profits, Capital Scams & Withdrawal Charges Keep Annoying Traders
Does FXGlory remove all your forex trading account balances upon fund withdrawal requests? Or do you witness incorrect trading account balances after fund withdrawals? Does the Saint Lucia-based forex broker charge you for fund withdrawals? All these and many more scam-related complaints have been filed against the forex broker. In this FXGlory review article, we will discuss several complaints. Read on!
Original 23m
PINAKINE Broker Review: A Complete Look at Its Services and Risks
Finding a trustworthy broker from the huge and often confusing world of online trading options is one of the biggest challenges a trader faces. In this competitive market, PINAKINE Liquidity Limited has appeared, getting attention with promises of high leverage and zero-commission trading. However, a closer look shows important factors that every potential client must think about before investing. The most important thing to consider with PINAKINE is that it has no regulation. This fact completely changes how risky the broker is and has major effects on how safe your investments will be. This review gives a complete and fair examination based on information available to the public. We will break down its services, trading conditions, platform technology, and the possible risks involved, helping you make a fully informed decision.
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Uniglobe Markets MT4 Review: A Complete Look at Features, Costs, and Important Safety Issues
For traders who want a well-known and powerful platform, having MetaTrader 4 (MT4) available from a broker is very appealing. Uniglobe Markets says it provides this industry-standard software, along with different account types, high leverage, and many trading options. These features seem designed to work for all kinds of traders, from beginners to experts. However, a trader's success and safety depend on more than just platform features. The trustworthiness and legal standing of the broker are extremely important. This review gives a complete analysis of the uniglobe markets mt4 platform, its trading conditions, and most importantly, a detailed look at the serious safety concerns about the broker's legal status. We will examine the platform's abilities, analyze the fee structure, review official legal actions, and summarize reported user experiences to give a complete picture for anyone thinking about this broker.
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Voices of the Golden Insight Award Jury | Tim Waterer, Chief Market Analyst of KCM Trade
WikiFX Golden Insight Award uniting industry forces to build a safe and healthy forex ecosystem, driving industry innovation and sustainable development, launches a new feature series — “Voices of the Golden Insight Awards Jury.” Through in-depth conversations with distinguished judges, this series explores the evolving landscape of the forex industry and the shared mission to promote innovation, ethics, and sustainability.
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