Dhaka, June 27 -- Bangladesh's foreign exchange reserves climbed to $22.24 billion on Tuesday, buoyed by a $350 million disbursement from the World Bank.
The increase came after reserves stood at $21.75 billion a day earlier, measured under the IMF's Balance of Payments and International Investment Position Manual (BPM-6).
A senior official at Bangladesh Bank confirmed the update to media noting that further inflows are expected soon.
The International Monetary Fund (IMF) has already approved over $1.3 billion under the fourth and fifth instalments of its $4.7 billion Extended Credit Facility (ECF) and Extended Fund Facility (EFF) loan programme.
These funds, once disbursed, are expected to further enhance the country's reserve position...