Led by Finance Adviser Salehuddin Ahmed, the Bangladesh delegation held a series of meetings with IMF representatives in Washington.
The International Monetary Fund has no major disagreement with Bangladesh over reforms to the National Board of Revenue, one of the conditions set by the lender for the fourth and fifth instalments of the $4.7 billion loan.
IMF left Bangladesh without any decision on the release of next tranches of a loan.
The global lender said such an agreement would pave the way for completing the combined third and fourth reviews
The visiting mission of the International Monetary Fund (IMF) is prioritising four conditions for releasing two instalments of an ongoing $4.7 billion loan programme, according to Finance Adviser Salehuddin Ahmed.
“If the IMF does not release the funds, we will have to boost revenue,” he added
The International Monetary Fund has deferred the release of the fourth tranche of the $4.7 billion loan to June instead of March as Bangladesh could not meet some prior conditions.
Two years after Bangladesh turned to the International Monetary Fund (IMF) for a $4.7 billion bailout to address its worsening macroeconomic pressures, the nation stands at a crossroads.
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.
Thanks to bold reform measures taken by the authorities, the IMF has drastically slashed the Net International Reserves (NIR) requirement for Bangladesh for the fourth tranche of the $4.7 billion loans.
Bangladesh and Sri Lanka have received loan payouts from IMF, strengthening their buffers against risks to foreign exchange reserves
The International Monetary Fund (IMF) has advised Bangladesh to continue to focus on containing inflation and rebuilding external resilience.
The IMF board yesterday approved the second instalment of $681 million for Bangladesh, putting to bed the uncertainty surrounding the tranche given that the country failed to meet two of the conditions needed for its release
A board meeting of IMF isto be held today, where about $681 million in a second loan tranche is expected to be approved for Bangladesh
Bangladesh's proposal to get the second tranche of the International Monetary Fund's $4.7 billion loan has been placed for approval at the multilateral lender's board meeting slated for next week.
government falls Tk 17,946 crore short of the revenue last fiscal year as one of IMF's $4.7 billion loan conditions
Bangladesh Bank introduced a new formula in June to determine the lending interest rate and brought about a single exchange rate recently but both are yet to be determined by the open market, the International Monetary Fund (IMF) has said.
Bangladesh Bank today explained to the International Monetary Fund (IMF) the reasons behind the failure to meet the target on foreign currency reserves, one of the six conditions set by the global lender for its $4.7 billion loan programme.
It seems there exists a nexus among the policymakers, bank directors, and defaulters which facilitates the process of swindling depositors’ money.
