Finance adviser confirms $1.1b IMF loan release by March

The World Financial Fund (IMF) will liberate $1.1 billion — the fourth tranche of its $4.7 billion loan package — by March of this fiscal 365 days, Finance Adviser Salehuddin Ahmed acknowledged at the present time (3 December).

He shared the update with reporters after a gathering with a visiting IMF delegation at his direct of job in Dhaka.

In accordance to the adviser, the IMF sought particulars about Bangladesh’s contemporary and future strategies relating to revenue series, fiscal deficits, and pressured assets in the banking sector, amongst varied concerns.

In response, Salehuddin assured the IMF team that the measures being undertaken by the meantime authorities are designed to succor the nation’s future.