Bangladesh needs to tighten its monetary policy and have greater exchange rate flexibility to help contain high inflation, the International Monetary Fund said on Wednesday as its board cleared the first review of the country’s $4.7 billion bailout. Sharply rising living costs have sparked violent protests in recent months ahead of national elections in January, as Prime Minister Sheikh Hasina’s government struggles to pay for costly energy imports due to shrinking dollar reserves and a weakening Taka currency.
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