💨 Abstract

The International Monetary Fund (IMF) will release $1.3 billion to Bangladesh in June, combining the fourth and fifth tranches of its $4.7-billion loan program. This follows agreements on exchange rate reforms, revenue management, and fiscal policy. Bangladesh's foreign reserves were strained by rising commodity prices due to the Russia-Ukraine conflict. The government also dissolved the National Board of Revenue and expects $2 billion in budget support from international partners.

Courtesy: theprint.in