Dhaka, June 24 -- The International Monetary Fund (IMF) has finally approved a $1.3 billion disbursement of the third and fourth tranches of Bangladesh's $4.7 billion loan program.

As a result, it is set to receive a significant boost to its foreign exchange reserves, with the IMF approving the disbursement of US$1.3 billion from its ongoing $4.7 billion loan program.

This amount, covering both the third and fourth tranches, is expected to be deposited into Bangladesh's account on June 26.

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The news was confirmed by Bangladesh Bank Governor Ahsan H. Mansur on Monday night, who stated, "We are receiving $1.3 billion. It has been approved by the IMF board today....