The International Monetary Fund on Friday said that its board meeting on June 24 would review the disbursement of $1.15 billion to Bangladesh.
The expected disbursement will be made by the Washington-based multilateral lender under the current $4.7 billion loan programme with Bangladesh.
The shortage of dollar and the high inflation amid a macro-economic downturn forced Bangladesh to take the IMF loan programme up to May 2026 under certain conditions.聽聽
Finance minister Abul Hassan Mahmood Ali has already said that they are going to get the IMF next tranche in June.
Earlier on May 8, the IMF said that they had reached a staff-level agreement with the government of Bangladesh on completion of the second review under the current loan programme鈥擡xtended Credit Facility, Extended Fund Facility and Resilience and Sustainability Facility.
The Bangladesh government has already received $1.1 billion in two tranches and negotiated with the IMF successfully to increase the amount of the third tranche to $1.15 billion from previous projection of around $690 million.
It needs more inflow of dollars to the county to check depleting forex reserves dropped below $18 billion from $48 billion in August 2021.
The country loses almost $1 billion every month from reserves amid pressure on its balance of payment.