IMF loan: In these challenging times, among the many candidates for immediate balance of payment (BOP) support from the IMF, Bangladesh surely stood out as most deserving and judged eminently qualified to undertake concessional debt with minimum risk for the lender.
Today, the US dollar has unparalleled supremacy. Almost all imports and exports are denominated in dollars. In addition, billions of dollars are transacted globally in the form of small private transactions.
Bangladesh's entire business sector, particularly the producers focused on the domestic market, is facing troubles due to an unprecedented hike in the US dollar price as their cost of production has witnessed a sharp spike.
Bangladesh is experiencing a dollar crisis at present. The Business Standard spoke with economist and former governor of the Bangladesh Bank, Salahuddin Ahmed, to discuss the reasons behind this dollar crunch and to find possible ways out