The sixth instalment of International Monetary Fund’s (IMF) loan programme of $4.7 billion may not arrive by the end of the year, as the donor agency wants to work with the new political government for smooth continuation of reform programmes.
An IMF mission is scheduled to arrive in Dhaka on October 29 for a two-week review of progress made until June.
Chief Adviser Prof Muhammad Yunus is set to hold discussions today with Kristalina Georgieva, managing director of the International Monetary Fund (IMF), on how the multilateral lender can provide additional support to Bangladesh and the potential structure of such assistance.
Bangladesh must clear dues, hit steep revenue, reserve targets for next tranche
Bangladesh’s foreign exchange reserves are projected to rise modestly to $23.6 billion in the next fiscal year from $21.7 billion in the current year, as the International Monetary Fund (IMF) expanded its total support package amid ongoing efforts to stabilise the country’s macroeconomy.
The proposal to release the third and fourth tranches of the International Monetary Fund’s $4.7 billion loan is set to be presented to the multilateral lender’s board on June 23 after the government fulfilled all prior conditions.
The government has reached a staff-level agreement with the International Monetary Fund for the fourth and fifth tranche of the $4.7 billion loan programme, putting to bed months of uncertainty over their disbursement.
Led by Finance Adviser Salehuddin Ahmed, the Bangladesh delegation held a series of meetings with IMF representatives in Washington.
The fourth tranche of the instalment was deferred due to disagreements and now talks are going on to release two tranches at once.
The government has reached a staff-level agreement with the International Monetary Fund for the fourth and fifth tranche of the $4.7 billion loan programme, putting to bed months of uncertainty over their disbursement.
Led by Finance Adviser Salehuddin Ahmed, the Bangladesh delegation held a series of meetings with IMF representatives in Washington.
The fourth tranche of the instalment was deferred due to disagreements and now talks are going on to release two tranches at once.
IMF presents target, revises GDP growth to 4%
The team will begin its two-week mission from April 6
The International Monetary Fund's move to disburse the fourth and fifth tranches of a $4.7 billion loan together was a mutual decision, the finance ministry said in a press release yesterday.
The International Monetary Fund is set to tighten the noose on the Bangladesh government over its dismal revenue mobilisation...
The International Monetary Fund (IMF) has proposed more reforms, including the separation of tax administration and tax policy and greater exchange rate flexibility, as conditions for an additional $750 million loan to Bangladesh.
The meeting will be held in February next year
The International Monetary Fund will give Bangladesh $645 million in the fourth tranche under the $4.7 billion loan programme, taking the total disbursement to $2.31 billion.
