Dhaka, Feb. 2 -- The International Monetary Fund's (IMF) $4.7 billion credit facility will come as a relief for Bangladesh as the country faces a shortage of foreign exchanges, said the Dhaka Chamber of Commerce and Industry (DCCI) on Wednesday.

On January 30, the IMF approved the credit facility under the Extended Credit Facility (ECF), Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF) arrangements. The credit facility is to be disbursed under a 42-month programme.

"In the current economic scenario, this is a sigh of relief when there is a shortage of foreign exchange. This is expected to help maintain the macroeconomic stability of Bangladesh," said DCCI President Md Sameer Sattar in a press release.

"The ...