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Bangladesh Bank hopeful about release of IMF tranches

Senior Correspondent  | banglanews24.com
Update: 2025-04-08 19:09:47
Bangladesh Bank hopeful about release of IMF tranches

A delegation from the International Monetary Fund (IMF) is currently in Dhaka to review the government’s reform progress as part of the fourth and fifth installments of the $4.7 billion loan. 

Following a meeting with Bangladesh Bank on Tuesday (April 8), the central bank's Executive Director and spokesperson, Md. Arif Hossain Khan, expressed optimism regarding the release of the next installment.

When asked by reporters about the IMF’s satisfaction with Bangladesh Bank’s responses to the loan conditions, Khan said that the delegation’s body language suggested approval. 

"They did not pose any follow-up questions, which indicates satisfaction with our responses," he said.

Addressing concerns about double counting in foreign exchange reserves, Khan assured that Bangladesh Bank is now calculating reserves in line with IMF guidelines, which the delegation found satisfactory.

Khan also shared that the liquidity situation at six out of the 11 banks previously facing crises has improved, and these banks no longer require liquidity support. However, five banks continue to remain in a fragile state.

In the meeting, Bangladesh Bank emphasized that inflation, which remains a key concern, is expected to fall below 8.5% by June. While the central bank is taking measures to address inflation, the IMF delegation stressed that effective control will require coordinated efforts across all government bodies.

BDST: 1909 HRS, APR 08, 2025
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