There is more bad news for Bangladesh’s economy. A mission from the International Monetary Fund IMF, visited Dhaka during April 617, ended its journey without reaching a staff-level’ agreement with the Bangladeshi authority, for its $4.7 billion loan programme.
A staff-level agreement is necessary to place the procedure of loan instalment approval before the management of IMF. Bangladesh was expecting up to $1.3 billion in two tranches in budget support credit which could help to replenish the country’s paltry foreign currency reserves.
The fourth tranche of the credit programme, which the IMF extended to Bangladesh in January 2023, was supposed to be approved by...
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