The International Monetary Fund on Monday approved disbursement of $1.12 billion to Bangladesh under the current $4.7 billion loan programme.
The decision was taken during the meeting of the IMF executive board in Washington, said Bangladesh Bank spokesperson Mezbaul Haque.
He said the central bank was expecting to receive the fund by the next one or two days.
Bangladesh decided to borrow from the IMF to tackle the shortage of dollar and the high inflation amid a macro-economic downturn.
Earlier, IMF disbursed $1.1 billion dollar in two installments.
The BB spokesperson said the latest IMF disbursement would bolster the country鈥檚 gross forex reserves that depleted below $25 billion from the $48 billion reserve of August 2021.
He said they were also expecting disbursement of $900 million from World Bank and $1.4 billion from Asian Development Bank soon.
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� Extended Credit Facility, Extended Fund Facility and Resilience and Sustainability Facility.
The local side negotiated successfully to increase the third tranche to $1.12 billion from around $690 million.聽聽