The government and the central bank are looking at foreign loans and grants to increase the foreign exchange reserve as exports and remittances fell in April 2023, according to official sources. The International Monetary Fund (IMF) had set a minimum net reserve target of $22.95 billion last March, which Bangladesh could
Tag: International Monetary Fund
Retail power tariff raised again by 5pc
Electricity tariff was raised further in Bangladesh at both retail level with effect from Wednesday (March 1). The Power Division - through administrative order and in two separate gazette notifications - raised the tariff. "Power tariff was raised by 5 percent", power secretary Habibur Rahman told UNB. This has been the third time
Govt working on IMF conditions to get $4.5b loan
The government has started implementing some of the conditions set by the International Monetary Fund's (IMF's) in the financial and energy sectors ahead of the global lender's board meeting to discuss Bangladesh's $4.5 billion loan request, according to sources at the finance ministry. As part of this, the interest cap
IMF team in Dhaka to negotiate on $4.5b loan
An International Monetary Fund (IMF) team is now in Dhaka to discuss the terms and conditions of a prospective $4.5 billion loan for the Bangladesh government. Officials of the Ministry of Finance said the global lender would hold meetings with various government departments during then visit slated to last till November
IMF team to visit Dhaka from Oct. 26
An International Monetary Fund (IMF) team plans to visit Dhaka from October 26 to November 9 to start discussions with the Bangladeshi authorities on economic and financial reforms and policies, and a much-discussed $4.5 billion loan as budget support. The team will be led by Rahul Anand, IMF mission chief to
IMF loan to stabilize forex market, reserve
Bangladesh is expecting around USD $4.5 billion loan from the International Monetary Fund (IMF) as a precautionary measure and stabilising foreign exchange reserves. In the wake of a record $30.86 billion trade deficit, remittance inflow falling by 15.12 per cent and current account deficit of $17.23 billion in the recently concluded