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
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.
