Bangladesh struggles to get $1–2B from IMF despite $30B disaster need

Bangladesh requires $30 billion each year to effectively tackle disasters. However, securing even one or two billion dollars from the IMF remains an extreme challenge, said Finance Adviser Salehuddin Ahmed. He made the remarks on Monday (8 September) at the inauguration of the “Navigating Climate Finance: Media Reporting Training” session, held at the PKSF Auditorium in Agargaon, Dhaka. The adviser said Bangladesh is one of the most disaster-prone countries in the world. In addition to natural disasters, man-made disasters also occur frequently. He added that negotiations with the IMF for $5 billion are planned in the near future. Highlighting the proactive role of local communities in disaster management, he said, “People at the local level respond to disasters with their...