Bangladesh Looks to China for $5 Billion Loan

Bangladesh is in talks with China for a loan of about $5 billion to bolster the nation’s dwindling foreign-exchange reserves, the central bank governor said, drawing the South Asian country closer to Beijing. 

The funds will be denominated in yuan and give exporters access to financing they can use to pay for much-needed raw material imports from China, Governor Abdur Rouf Talukder said in an interview in Dhaka on Tuesday. The talks are at a technical stage, he added.