The Bangladesh Bank is likely to get concession in maintaining the net international reserve once again under the current $4.7 billion loan programme with the International Monetary Fund.
The forex reserve requirement may be revised down to around $18 billion from $20.10 billion for the deadline of June this year, said Finance Division officials.
They said that the IMF mission, now in the capital to review the criteria until December for the disbursement of the third tranche by this month, has given green signal for readjustment of the forex reserve requirement linked to the disbursement of the next tranche in December.
During the previous review held in October, the international lender also brought down the forex reserve requirement to $17.78 billion from $26.8 billion for the deadline of December following requests by the government聽聽聽聽 .
But the BB failed to achieve due to a shortfall of聽 around $58 million.
The IMF mission is likely to meet with the BB governor today to finalise the readjustment of the forex reserve targets under the programme that will expire in May 2026.
The government sought the IMF loan to tackle the shortage of foreign currencies as well as downturns in the overall economic activities.
The Washington-based multilateral lender has already disbursed $1.1 billion in two installments.
Forex reserve requirement is one of the main criteria of the IMF loan agreement.
The lender has been suggesting the BB to introduce the proposed crawling peg for determining the exchange rate and ease pressure on forex reserves.聽聽
The central bank sold $11.67 billion from the forex reserves between July and April.
Finance ministry officials said that the IMF has also agreed to give concession on the revenue collection target set under the June performance indicators.
The revenue collection target set at Tk 3.94 lakh crore is likely to be revised down by around Tk 10,000 crore.
The National Board of Revenue, however, exceeded its revised target in collecting taxes in the July鈥揇ecember period of FY24 in which it collected Tk 1,65,630 crore against the revised target of Tk 1,43,640 crore.
