Dhaka, May 6 -- Bangladesh's net international foreign-exchange reserves target for June has been bent to around $18 billion by an IMF loan-appraisal mission in view of the country's replenishment prospects.

Sources said the visiting International Monetary Fund (IMF) team agreed to lower the mark for next month from the previously set target of $20.1 billion on request from the government.

Led by Chris Papageorgiou, Chief of the Development Macroeconomics Division of the IMF, the delegation Monday had meetings with finance officials all day long sharing the findings they had collated since late last month about the country's financial strengths and weaknesses.

Officials said the Fund appraisers today (Tuesday) would also have consultat...