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
The International Monetary Fund (IMF) has further cut Bangladesh’s growth forecast but kept its projection on inflation elevated for the current fiscal year.
Bangladesh may grow 3.8% in FY25, not 4.5% in FY25, the lender says
IMF agreed to Bangladesh’s request to extend the loan amount, now it stands at $5.3 billion
This year was always supposed to be a celebration of Bangladesh’s economic progress with the opening of Padma bridge and Dhaka metro rail and 100 percent electrification.
The global economic outlook is even gloomier than projected last month, the International Monetary Fund said on Sunday, citing a steady worsening in purchasing manager surveys in recent months.
After the International Monetary Fund it is now its sister concern World Bank’s turn to negotiate economic reforms with the government for the prospective $2 billion financial support package sought to help the country weather the global economic turmoil.
The government yesterday reached a preliminary agreement with the International Monetary Fund over a $4.5 billion loan programme, putting to bed all suspense on whether a deal would be struck with the multilateral lender at all.
The government and the IMF team have reached a staff-level agreement to support the authorities’ reform policies under a new 42-month ECF/EFF arrangement of about $3.2 billion, and a concurrent RSF arrangement of about $1.3 billion.
A rumour was going on that the International Monetary Fund (IMF) may ask the stockmarket regulator to lift the floor price as a condition of a new $4.5 billion loan, but the lender did not raise the issue in a meeting with the BSEC today.
What Bangladeshi economists have been saying for a long time is pretty much what the International Monetary Fund (IMF) has told our central bank and the government.
Known knowns -- is what best sums up the prognosis of the visiting International Monetary Fund mission so far as it looks to thrash out the conditions for the prospective $4.5 billion loan.
Talks for the support package from the International Monetary Fund are likely to begin after the third week of October, said the Washington-based multilateral lender yesterday.
Bangladesh Jatri Kalyan Samity has demanded the government immediately repeal its decision of hiking fuel prices to ease the already-existing sufferings of the people created by the price hikes of essentials.
