Wednesday, 17 July, 2024
Wednesday, 17 July, 2024

IMF, ADB loans to boost reserves in Dec: Bangladesh Bank

IMF will give $689 million, ADB $400 million and other sources $220 million
Diplomatic Correspondent, dhakadiplomat.com
  13 Dec 2023, 18:51

Bangladesh's foreign exchange reserves will increase in December as the country will receive $1.31 billion loans from various sources, including $689 million of the second tranche of the International Monetary Fund (IMF) loan, a top Bangladesh Bank official said today.

The Washington-based lender yesterday approved the second tranche, which is a part of the $4.7 billion IMF loan.

The amount will be added to the forex reserves by December 15, Bangladesh Bank Executive Director and Spokesperson Md Mezbaul Haque said at a press briefing at the central bank headquarters in Dhaka today.

Besides the IMF loans, Bangladesh is going to receive $400 million from the Asian Development Bank next week, Haque said.

Within December this year, another $90 million will come from South Korea and an additional $130 million from other sources, he said.

As on December 6 this year, Bangladesh's forex reserves stood at $19.13 billion, as per the IMF manual.

 

Comments

  • Latest
  • Popular

Foreign Secretary meets Senior Executives of Square pharmaceuticals in Kenya

Trump, his ear bandaged, appears at Republican National Convention

Sheikh Hasina's imprisonment day today

Trump shooting, Biden calls to 'lower the temperature'

Explore new markets for Bangladesh products: PM to exporters

PM Hasina calls China visit a pivotal moment in Bangladesh’s diplomatic endeavours

Hasan for smooth supply of essential items from India

Bangladesh matters for Indo-Pacific region stability, French envoy

Chinese media report PM's visit to China elevates bilateral ties

Prof Yunus's petition in Grameen Telecom case: HC order on July 21

১০
IMF agrees to lend $1.15 billion to Bangladesh in third tranche
The International Monetary Fund (IMF) has agreed to provide $1.15 billion to Bangladesh in the
Focus on growth–boosting reforms, IMF tells Bangladesh
Bangladesh should focus on containing inflation and rebuilding external resilience in the near term in
ADB to give Bangladesh $1 billion loan for five projects
The Asian Development Bank (ADB) today signed multiple agreements with Bangladesh to provide the country
BASEL ANTI MONEY LAUNDERING INDEX / Bangladesh jumps 5 notches but still at high-risk zone
Bangladesh has made significant improvement in Basel AML Index 2023, a global anti money laundering