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Finance adviser confirms $1.1b IMF loan release by March

The article from TBS News reports that Bangladesh's Finance Adviser, Dr. Mashiur Rahman, has confirmed that the first tranche of a $4.7 billion IMF loan, amounting to $1.1 billion, will be released in March. This loan is part of a larger $4.7 billion Extended Credit Facility and Extended Fund Facility arrangement with the IMF, aimed at supporting Bangladesh's economic stability amidst global economic challenges. Dr. Rahman highlighted that this financial support will help in managing the country's balance of payments and bolster foreign exchange reserves. He also mentioned ongoing discussions with the IMF regarding the implementation of reforms to ensure sustainable economic growth. Additionally, the article touches on the government's efforts to manage inflation and the economic impacts of the Russia-Ukraine conflict.

Read the Full tbsnews Article at:
[ https://www.tbsnews.net/economy/finance-adviser-confirms-11b-imf-loan-release-march-1009136 ]