The third overview mission of Global Financial Fund (IMF) is scheduled to advance in Dhaka the following day (3 December) to assess the growth in meeting the instances for releasing the fourth tranche of the $4.7 billion mortgage agreement.
Upon their arrival in Dhaka, the team is scheduled to meet with Bangladesh Financial institution officers within the morning, adopted by a gathering with the finance adviser on the ministry within the afternoon, finance ministry officers mentioned tonight (2 December).
The IMF overview mission will leave on 17 December.
Bangladesh has got three instalments below the IMF mortgage agreement to this point, with the fourth instalment anticipated to be released in December.
To facilitate this, the IMF has earn 22 situation a goal for Bangladesh’s score foreign alternate reserves to reach no longer no longer as much as $14.90 billion by the discontinue of September and $15.31 billion by the discontinue of December.
Bangladesh used to be at the birth required to grasp a minimum score foreign alternate reserve of $20.10 billion by the discontinue of June to qualify for the third instalment of the mortgage agreement. When Bangladesh did not meet this goal, it used to be reduced to $14.78 billion on the authorities’s demand.
On 24 June this yr, the IMF popular the liberate of $1.11 billion as the third tranche of Bangladesh’s $4.7 billion mortgage.
