Sharar Nayel

The South Asian nation has agreed a more flexible exchange rate to help unlock $1.3bn of funds.

An April review by the IMF ended without an agreement, with June the next opportunity to meet the IMF's conditions and release two tranches of loans.

Problems are continuing to mount up in Bangladesh’s economy, including high inflation, as the country attempts to bounce back from years of crisis to secure the next tranche of a IMF loan.

Six banks have been placed under central bank control, with up to $50bn of non-performing loans under scrutiny after looting scandal.

Illicit financial outflows hit $16bn annually while the local stock exchange and the environment was neglected, according to a white paper published by the interim government.

Dhaka is hoping to find its feet in 2025 after a dramatic year in which the power elite exited the country, leaving the economy flailing.

The World Bank, the Asian Development Bank, the Islamic Development Bank and others, are providing support packages worth billions of dollars, to help with financial sector reforms.