Bangladesh will have to comply with 33 new conditions by June next year in order to receive the next two instalments under the International Monetary Fund’s $4.7 billion loan programme.

The International Monetary Fund yesterday approved the third tranche of $1.15 billion loans in a boost to Bangladesh’s foreign exchange reserves.

The funds will be added to the reserves in two days

Bangladesh may receive $1.15 billion in the third instalment of the International Monetary Fund’s (IMF) loan in the last week of June, which will give a much-needed relief to the country’s dwindling foreign exchange reserves.

Due to lack of coordinated and coherent measures, inflation continues to rise, notwithstanding the abolition of the interest rate cap since July 2023.

The International Monetary Fund (IMF) has agreed to provide $1.15 billion to Bangladesh in the third instalment under its multi-billion-dollar loan programme.

The government is likely to ask the International Monetary Fund (IMF) to revise down two key targets related to Net International Reserves (NIR) and tax revenue collection, set for June this year for the release of the fourth tranche of its $4.7 billion loan, finance ministry officials said.

During its visit to Dhaka, the International Monetary Fund’s review mission will focus on Bangladesh’s foreign exchange reserves, inflation rate, banking sector, and revenue reforms.

The minimum net international reserves (NIR) will also remain below the threshold when an IMF mission visits Dhaka next week to review the progress of the programme before releasing around $681 million in the third tranche in May.

Bangladesh is likely to receive the third tranche of the International Monetary Fund’s $4.7 billion loan as the country has met almost all conditions, said Finance Minister Abul Hassan Mahmood Ali yesterday.

Behind the Bangladesh Bank's announcement of this year’s monetary policy was a certain pressure applied by the International Monetary Fund (IMF).

Bangladesh has a low risk of external and overall debt distress despite higher external borrowing in recent terms, said the International Monetary Fund.

There would not be any further negotiations on the $4.5 billion loan programme during International Monetary Fund’s deputy managing director Antoinette Monsio Sayeh’s forthcoming visit to Bangladesh.

The government will not accept IMF loan with “hard conditions”, Road Transport and Bridges Minister Obaidul Quader said today.

Our current economic situation is one in which countries usually look to the IMF for balance of payment support.