The third review mission of Worldwide Financial Fund (IMF) is scheduled to near in Dhaka right this moment (3 December) to evaluate the growth in assembly the necessities for releasing the fourth tranche of the $4.7 billion loan settlement.
Upon their arrival in Dhaka, the team is scheduled to meet with Bangladesh Financial institution officers in the morning, followed by a gathering with the finance adviser on the ministry in the afternoon, finance ministry officers mentioned this evening (2 December).
The IMF review mission will run away on 17 December.
Bangladesh has got three instalments beneath the IMF loan settlement so a long way, with the fourth instalment anticipated to be released in December.
To facilitate this, the IMF has region a target for Bangladesh’s secure foreign places trade reserves to attain no no longer as a lot as $14.90 billion by the halt of September and $15.31 billion by the halt of December.
Bangladesh used to be on the starting keep required to hold a minimum secure foreign places trade reserve of $20.10 billion by the halt of June to qualify for the third instalment of the loan settlement. When Bangladesh failed to meet this target, it used to be diminished to $14.78 billion on the government’s demand.
On 24 June this year, the IMF well-liked the begin of $1.11 billion because the third tranche of Bangladesh’s $4.7 billion loan.
