Finance adviser Salehuddin Ahmed on Tuesday said that the country was no more dependent on the International Monetary Fund and the World Bank.
Referring to the exchange rate issue, he also said that they would not agree to IMF conditions that were not beneficial to the country.
The finance adviser made the comments after a meeting of the advisory council on government purchases at the secretariat in the capital Dhaka.
He returned to the country on Tuesday morning after attending the IMF-WB joint meeting in the United States鈥� capital Washington.
Bangladesh has been running an IMF programme since 2023 to avail $4.7 billion loan by June 2026.
So far, $2.3 billion has been disbursed in three tranches under the loan with the last one in June 2024.
The interim government that assumed power in August 8, 2024 following the ouster of authoritarian AwamI Leaguer regime in a mass uprising could not make the IMF agree to disburse the fourth tranche due in past February.
It, however, made the IMF agree to review the disbursement of the tranche along with the fifth one in June.
An IMF mission concluded its visit in this connection in the capital Dhaka on April 17 without any agreement.
Calling the overall engagement during the IMF-WB joint meeting a success, he said they narrowed down gap with the IMF.
Expecting that an agreement would be reached soon, he expressed optimism of getting $1.2 billion from the IMF in June.
Responding to a question on the IMF conditions, he said that they could not agree on the suggestion of greater exchange rate flexibility.
Referring to Sri Lanka and Pakistan, the finance adviser said that the greater exchange rate flexibility would potentially make the local currency devalued and increase the amount of debt in local currency.
Referring to Argentina, one of the top IMF loan recipient counties, he said that they had to consider the payment of the IMF loan.
Unlike the project loans having repayment period of 20-30 years, the IMF loans have to be paid back in 5 years, he said.