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IMF sees more energy subsidy cuts in Bangladesh

The Star LogoThe Star1 mo ago

IMF sees more energy subsidy cuts in Bangladesh - The Star

Quick Summary:

The International Monetary Fund (IMF) expects Bangladesh to keep reducing energy subsidies to free resources that the nation needs as it faces a financing gap of US$9bil (RM38.2bil) over four years, according to a report from the lender.

Bangladesh raised retail electricity prices by 5% on Jan 31 for the second time in a month.

WASHINGTON: The International Monetary Fund (IMF) expects Bangladesh to keep reducing energy subsidies to free resources that the nation needs as it faces a financing gap of US$9bil (RM38.2bil) over four years, according to a report from the lender.“Not all subsidies are helping the poor and vulnerable,” Rahul Anand, IMF’s mission chief to Bangladesh said.; window.dataLayer.push({'event': 'paywall_click','paywall_type' : 'subscribe'});">{{item.buttonleft}} {{item.buttonleft}} {{item.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-02-04 @ 00:00:00 (1 months ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 105 words

Reading Time: 1 minutes read

Sentences: 3 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 5134023

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About The Star

The Star Logo

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 43 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 31 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

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  • News ID: #5134023
  • URL: https://beamstart.com/news/imf-sees-more-energy-subsidy-16754664026514

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