With Bangladesh facing greater inflation for a in point of fact very prolonged time, the Global Monetary Fund (IMF) has informed keeping the protection passion rate on the upward thrust till inflation decreases.
Bangladesh Bank Spokesperson and Executive Director Huseara Shikha hinted this while speaking to journalists at her place of business on the present time (3 December).
An IMF delegation led by mission Chief Chris Papadakis arrived in Dhaka on the present time to take a look at the IMF stipulations.
The IMF says that inflation in Bangladesh is on the second above 11%. This can also stay around 10% at some level of 2025, and after that, the international donor company believes it must also come the total device down to 6-7%.
The fourth tranche of the $4.7 billion loan programme relies on satisfying the stipulations given by the worldwide lender.
The IMF imposed stipulations on Bangladesh for providing this loan.
Although almost your whole stipulations given by the lender are now heading in the right direction to be met, it is miles effectively in the back of the income sequence goal. Alternatively, the installment has already been launched after showing growth in satisfying most of the stipulations.
Earlier in January 2023, the IMF licensed a $4.7 billion loan for Bangladesh. It modified into as soon as supposed to provide this loan to Bangladesh self-discipline to stipulations.
The IMF delegation is reviewing every installment of this loan, which modified into as soon as given in seven installments, sooner than releasing it.
