Bangladesh talks with IMF fail

BANGLADESH - Negotiations between Bangladesh and the International Monetary Fund for an emergency balance of payments loan have failed.

Bangladesh has been seeking millions of dollars from the IMF to boost the country's foreign exchange reserves.

Officials say the foreign reserves are so low that it is difficult for Bangladesh to carry out normal trade.

This latest round of talks was the third in two months.

There has been no immediate reaction from the government.

Drop in reserves

An IMF spok

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