Bangladesh is exploring cost-effective oil purchasing options amid its IMF program and rising global commodity prices. The escalating costs have led to an energy crisis and inflation, draining the nation’s FX reserves. Nonetheless, the country remains capable of repaying the USD 4.7 bln IMF loan obtained in January. To mitigate the crisis, the government has increased energy prices, cut subsidies, and unified its multiple currency exchange rates. Despite a slight moderation in April, inflation remained high at 9.24%.