The International Monetary Fund (IMF) has approved the release of US$1.115 billion in the third tranche of the $4.7 billion loan package allocated for Bangladesh.
Talking to BSS, Bangladesh Bank Spokesperson Mezbaul Haque said the IMF board has approved the third instalment of the credit.
"We are expecting $1.115 billion to be released by the next two days," he added.
The IMF approved the first tranche of the loan package on January 30, 2023.
IMF's 3rd loan tranche of $1.15bn in late June
Bangladesh’s forex reserves climb with IMF, WB’s support
IMF's 3rd loan tranche of $1.15bn in late June
Bangladesh’s forex reserves climb with IMF, WB’s supportThe lender cleared $447.8 million of the first instalment in February last year, and $681 million of the second instalment in December.
The entire amount of the IMF loan will be released to Bangladesh in seven instalments over three and a half years till 2026.
