Business Report :
An International Monetary Fund (IMF) team is scheduled to visit Dhaka between October 2 and 17 to assess Bangladesh’s progress in using the third tranche of its US$4.7 billion loan program and discuss the release of the fourth installment.
The Finance Division confirmed the proposed dates following a request from the IMF Bangladesh office.
This third review will precede the multilateral lender’s annual meeting in Washington DC in the last week of October, according to an official letter.
“We may propose the mission internally to IMF management and get the related processes started,” the IMF letter mentioned.
The upcoming mission is expected to review Bangladesh’s compliance with loan conditions, including foreign exchange reserves, revenue reforms, inflation and banking sector issues.
Bangladesh received the first tranche of $476.2 million from the $4.7 billion loan package approved by the IMF in January 2023.
Subsequent installments of $681 million and $1.115 billion were released in December 2023 and June 2024, respectively.
