2024-06-29 06:30:51
Bangladesh has obtained USD 115 million of the third tranche of the Worldwide Financial Fund (IMF) mortgage.
This quantity was added to the international change reserves of Bangladesh Financial institution on Thursday (June 27). On this, the full reserve of the central financial institution has elevated to about 2,650 million or 26.5 billion US {dollars}.
On this context, Bangladesh Financial institution Government Director and Spokesperson Majbaul Haque mentioned that on Thursday, 1.15 billion {dollars} of IMF mortgage installments had been added to Bangladesh Financial institution’s reserves. It additionally elevated the quantity of reserves. Other than this now we have received about 900 million {dollars} from different sources like Korea, IBRD, IDB and so on.
He additionally mentioned that the gross reserve has exceeded about 26.5 billion {dollars}.
Final Monday, the IMF authorized the third tranche concession below the 4.7 billion greenback mortgage settlement for Bangladesh.
Earlier, in February final 12 months, Bangladesh obtained 476.3 million {dollars} of the primary installment of the IMF mortgage. And final December obtained the second installment of 68 million 10 million {dollars}. Now, because of the third installment, Bangladesh has obtained about $231 million from the IMF in three installments.
Bangladesh utilized for a mortgage from the IMF in July 2022. Six months after that utility, on January 30 final 12 months, the corporate authorized a mortgage of 4.7 billion {dollars} below 38 circumstances. At the moment, the IMF mentioned that the mortgage might be paid in seven installments till 2026, topic to the success of circumstances. Three installments have been obtained to this point.
In accordance with the information of the Central Financial institution, the full reserves of the nation on June 12 earlier than the holy Eid-ul-Azha had been 2 thousand 452 million {dollars}. Initially of this month, in line with BPM 6, the reserves had been 1 thousand 872 million {dollars}. On June 12, it elevated to 1,920,970,000 {dollars}.
Initially of final Could, the full reserves had been 2 thousand 537 million {dollars}. Within the second week of that month, $1.63 billion was paid to the Asian Clearing Union (ACU) from the reserves for fee of import payments. Consequently, on Could 15, the reserves fell to 2,390 billion {dollars}. Then in line with BPM 6, the reserve decreased to 1 thousand 842 million {dollars}.