Bangladesh Bank, the country’s central bank, bought 10 metric tons of gold worth approximately USD403 million from the International Monetary Fund, according to a news release from the IMF. The Washington-based financial institution regularly sells gold as a means of raising money for lending to low-income countries.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.