Bangladesh seeks $2 billion from World Bank, ADB to boost forex reserves

Bangladesh is seeking assistance from the World Bank and Asian Development Bank amid efforts to bolster its foreign exchange reserves, according to people familiar with the matter.

The government wrote letters to the two lenders seeking $1 billion each from them to help the economy cope with the ripple effects of the war in Ukraine and energy price shocks, said the people, who asked not to be named because the matter is not public yet. 

The requests come days after the government sought a loan from the International Monetary Fund, in a move seen as a pre-emptive measure to shore up the