The International Monetary Fund (IMF) has assured Bangladesh of releasing US$1.1 billion by March this fiscal as fourth tranche of the $4.7 billion loan programme.
Finance Adviser Salehuddin Ahmed confirmed it on Tuesday after holding a meeting with the visiting IMF delegation in the capital.
Bangladesh received 3rd tranche of $1.15 billion loans from the lender in June this year despite failure to meet target for foreign exchange reserves.
Salehuddin told the media that the IMF enquired about the details of Bangladesh’s current and future strategies for revenue mobilisation, fiscal deficits, and non-performing loans situation in the banking sector.
They will also assess the country’s performance in achieving the targets for inflation and growth set in the budget, he added.
The finance adviser has assured the IMF team that the measures being undertaken by the interim government are designed to benefit the country’s future.
The 13-member IMF team will meet with the top level of the government, officials of various departments and heads of various government agencies including the Bangladesh Bank and the National Board of Revenue (NBR).
In January last year, the IMF approved the $4.7 billion loan. Bangladesh has received more than $2.3 billion in three instalments. The total loans will be available in seven instalments by 2026.
