Bangladesh received $1.15 billion from the International Monetary Fund (IMF) on Thursday, marking the third tranche of a $4.7 billion loan package.
Md. Mezbaul Haque, Executive Director and Spokesperson of Bangladesh Bank (BB), told UNB, “Besides the IMF funds, we also received around $900 million from other sources such as Korea, IBRD, and IDB. The gross reserve will be around $26 billion. We are yet to finalize the account as today is the day before the closing date. We will get the final figure the next day.”
On June 24, the IMF executive board approved the release of the third installment of the $4.7 billion loan.
The IMF approved the first tranche of the loan package on January 30, 2023, with Bangladesh receiving $447.8 million on February 2, 2023. The entire IMF loan will be disbursed to Bangladesh in seven installments over three and a half years, concluding in 2026.