Bangladesh could be getting USD 1.08 billion as loan from the Asian Development Bank (ADB) and the International Monetary Fund (IMF).
A senior official of the Ministry of Finance today told UNB that a loan proposal of $400 million for Bangladesh is expected to be placed at the ADB board meeting on December 12, 2023.
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On the same day, the IMF board meeting will decide on the proposal for a $681 million loan – second tranche of IMF’s $4.7 billion loan – for approval.
If both loan proposals are approved next week, $1.08 billion could be added to Bangladesh’s forex reserves.
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This would bring relief to the foreign exchange shortage which is affecting import bill payments and required dollars to meet Bangladeshi citizens’ overseas education and treatment payments.