The chief adviser takes part in a talk at Chatham House, an independent think-tank based in London,
With the central bank agreeing to go for a flexible exchange rate, the IMF will disburse the fourth and fifth instalments in June this year.
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.
The Spring Meetings indicate that the IMF and World Bank are at a crossroads.
The government and the International Monetary Fund are set to meet again today for another round of negotiations over the release of the fourth and fifth tranches of a $4.7 billion loan programme.
The fourth tranche of the instalment was deferred due to disagreements and now talks are going on to release two tranches at once.
The IMF projected Bangladesh’s GDP growth at 3.76% for FY25
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 meeting will be held in February next year
An IMF team meets BSEC officials today
A visiting International Monetary Fund (IMF) delegation yesterday sought to know from garment manufacturers why some exports from Bangladesh over the past 10 to 15 years did not see the subsequent return of proceeds.
Bangladesh’s foreign currency reserves have slipped further as per the definition of the International Monetary Fund’s (IMF) balance of payments and investment position manual.
No significant economic growth is possible in Bangladesh without a satisfactory level of foreign exchange reserves, said Syed Ershad Ahmed, president the American Chamber of Commerce in Bangladesh (AmCham), yesterday.
There is not much in it to make us feel better in terms of its focus and measures.
The IMF staff mission’s meeting yesterday with the banking and financial institutions division appears to have not gone seamlessly.
There is likely to be yet another increase in electricity tariff by June as the government looks to shed its subsidy burden in line with the demands of the International Monetary Fund.
The formula will be followed from July this year
Financial pressures are adding to strains caused by high interest rates, volatile oil prices and years of double-digit inflation.
The IMF, which has predicted global growth of 2.9 per cent this year, is slated to release new forecasts next month.
