Bangladesh Announces Reform Deal Reached, IMF To Release $1.3 Billion

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Last Updated:May 14, 2025, 18:08 IST

The IMF volition merchandise $1.3 cardinal to Bangladesh successful June aft a 4th reappraisal of its $4.7-billion indebtedness program.

Bangladesh Chief Adviser Muhammad Yunus. (AFP)

The International Monetary Fund (IMF) is acceptable to merchandise $1.3 cardinal to Bangladesh in June, aft completing a 4th reappraisal of its $4.7-billion indebtedness programme and a cardinal breakthrough successful talks connected speech complaint reforms, the concern ministry said.

The funds, covering some the 4th and 5th tranches, had been held up arsenic the IMF pressed for greater speech complaint flexibility, peculiarly the adoption of a crawling peg mechanism.

The 4th reappraisal successful Dhaka successful April was followed by further discussions during the Bank-Fund Spring Meetings successful Washington DC that month, focused connected captious reforms successful gross management, fiscal policy, and the overseas speech regime.

“After cautiously reviewing each the issues … some parties person agreed connected the gross management, currency speech complaint and different betterment frameworks," the concern ministry said successful a connection connected Wednesday.

With completion of a staff-level statement connected the 4th review, the IMF is expected to merchandise $1.3 cardinal acceptable for the 4th and 5th installments unneurotic by June, it added.

The authorities has besides dissolved the National Board of Revenue (NBR), replacing it with 2 divisions nether the concern ministry, to conscionable a cardinal IMF condition.

One part volition grip taxation argumentation with the different managing taxation postulation and administration, aiming to heighten efficiency, transparency, and accountability, the authorities said.

In summation to the IMF funds, the authorities expects fund enactment of $2 cardinal from improvement partners, the concern ministry added.

These bodies see the World Bank, the Asian Development Bank (ADB), the Asian Infrastructure Investment Bank (AIIB), Japan, and the OPEC Fund for International Development, it added.

Bangladesh turned to the IMF successful 2023 for the $4.7-billion bailout arsenic its overseas reserves were pressured by a planetary surge successful commodity prices triggered by Russia’s penetration of Ukraine, straining its quality to wage for cardinal imports of substance and gas.

The South Asian federation antecedently received $2.3 cardinal crossed the archetypal 3 tranches.

An interim authorities led by Nobel Peace laureate Muhammad Yunus took bureau successful August aft the ouster of erstwhile premier curate Sheikh Hasina pursuing deadly protests.

Location :

Dhaka, Bangladesh

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News world Bangladesh Announces Reform Deal Reached, IMF To Release $1.3 Billion