Bangladesh will receive a $4.5 billion loan from International Monetary Fund (IMF), said Executive Director of Bangladesh Bank (BB) GM Abul Kalam Azad on Thursday.
“Our finances are stable enough to receive an IMF loan. We anticipate receiving a $4.5 billion loan within the next six months,” Azad said.
Earlier on Wednesday, an International Monetary Fund (IMF) team reached Dhaka to discuss the terms and conditions of a prospective $4.5 billion loan for the Bangladesh government.
Officials of the Ministry of Finance said the global lender would hold meetings with various government departments during the visit slated to last till November 9. IMF Mission Chief to Bangladesh Rahul Anand is leading the delegation.
ALSO READ - IMF team in Dhaka to start negotiations on $4.5b loan
On October 21, the IMF in a statement released by its head office in Washington said the team would start discussions on economic and financial reforms and policies with the Bangladeshi authorities.
The purpose of the visit is to start that process formally. Discussions will include borrowing from the IMF's Enhanced Credit Facility (ECF), Enhanced Funding Facility (EFF) program, and New Initiatives, Resilience and Sustainability Fund (RST) program.
Last July, the IMF confirmed that Bangladesh had become the fourth country to apply for a loan under the RST facility.
