The deadlock between Bangladesh and the International Monetary Fund IMF ended on May 14 after the South Asian nation agreed to make its exchange rate more flexible and to take bold steps for boosting revenue.
After a standoff, the two sides reached to a consensus and signed staff level agreement for the fourth review of its $4.7 billion loan programme. Earlier, in late December, the two sides had reached staff-level agreements in its third review of the credit programme, but didn’t release the fourth tranche amounting to $650 million.
Now, the IMF is expected to release $1.3 billion, jointly under the fourth and fifth tranches, by...
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