Tuesday, 27 February, 2024
Tuesday, 27 February, 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.



  • Latest
  • Popular

Journalists are the mirror of society: Alhaj Benazir Ahmad MP

Why Book Fair

Family welfare visitor: HC questions cancellation of recruitment test results

US urges to lower threshold while forming trade union: law minister

Bangladesh, Libya for safe migration, preventing trafficking

No country questioned our election so far: home minister

Jatiyo Party to be the opposition in parliament: Quader

Cold wave: Primary schools to start an hour late

FM Dr. Hasan Mahmud meets Indian Counterpart Dr. S. Jaishankar at NAM Sideline

UN chief greets PM Hasina; pledges to work with her government

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
ILO calls for transparency in fixing RMG wages
The International Labour Organization (ILO) has underscored the necessity of adopting a minimum wage determination