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US plans economic talks with Dr Yunus

Published : Wednesday, 11 September, 2024 at 12:00 AM  Count : 389
The United States is preparing to begin economic discussions this week with Bangladesh's interim government, led by Nobel Peace Prize winner Muhammad Yunus, according to a report by the Financial Times.

The talks are scheduled for Saturday and Sunday in Dhaka, it said.

A delegation of U.S. officials from the Treasury, State, and Trade departments is expected to engage in discussions focused on Bangladesh's fiscal and monetary policies, as well as the overall health of its financial system, the report added.

"The United States is hopeful that Bangladesh, through necessary reforms, can address its economic challenges and lay the groundwork for sustained growth and greater prosperity," said Brent Neiman, U.S. Treasury assistant secretary for international finance.

Bangladesh's $450-billion  economy has seen significant slowdown since the Russia-Ukraine conflict, which increased fuel and food costs. Last year, the country sought a $4.7-billion bailout from the International Monetary Fund to help stabilize its economy, the report has comments. 


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