Dhaka, June 27 -- The International Monetary Fund (IMF) has disbursed the fourth and fifth tranches of its loan agreement with Bangladesh, amounting $1.33 billion.

In addition, Bangladesh's reserves have crossed $30 billion in a single day due to the remittance flow, alongside the release of committed budget assistance from the World Bank, the Asian Development Bank, and JICA (Japan International Cooperation Agency).

It is the first time reserves have crossed $30 billion after two years, according to a bdnews24.com reports.

On Jun 24, the IMF approved the fourth and fifth tranches of its loan agreement with Bangladesh, totalling nearly $1.34 billion. It issued a press release on the loan's approval by its executive board around midnigh...