Dhaka, May 14 -- Bangladesh has reached a staff-level agreement with the International Monetary Fund (IMF) to secure the next installments of its ongoing $4.7 billion loan package, Bangladesh Bank Governor Dr Ahsan H Mansur announced on Wednesday.

Speaking virtually from Dubai during a press briefing, Dr Mansur confirmed that the IMF will disburse $1.3 billion in two tranches by June 2025.

He indicated a shift toward a more flexible exchange rate regime for the US dollar but assured that the market would remain stable due to an adequate supply of foreign currency.

Addressing concerns about inflation, Dr Mansur stated that loosening the exchange rate would not trigger price hikes, as Bangladesh's macroeconomic indicators have already st...