Dhaka, June 28 -- The International Monetary Fund (IMF) has disbursed the fourth and fifth tranches of its loan agreement with Bangladesh, totalling approximately $1.33 billion.
This development has coincided with Bangladesh's foreign exchange reserves surpassing the $30 billion mark in a single day, bolstered by strong remittance inflows and the release of committed budget support from the World Bank, Asian Development Bank, and Japan International Cooperation Agency (JICA). This marks the first time in two years that reserves have exceeded this level.
On 24 June, the IMF's executive board approved the release of the two loan instalments, with Bangladesh receiving notification on Thursday. However, the formal accounting and settlement of...