इंडियन आवाज़     21 May 2024 03:03:44      انڈین آواز

IMF relaxes forex reserve and revenue targets for Bangladesh

(Last Updated On: )


The International Monetary Fund (IMF) has relaxed several targets for Bangladesh. For the loan package of the $4.70 billion, IMF had set some targets for Bangladesh including foreign exchange reserves, revenue collection, automatic price adjustment of fuel.

At the beginning of this year, the IMF had set forex reserves target at $25.34 billion by September and $26.81 billion by June next year as conditions for the loan package.

According to BPM6 – reserve calculation method – Bangladesh’s forex reserves stand at $21.15 billion. On a net basis, this amount has further decreased to below $18 billion, reports UNB.

In this situation, the Finance Division officials requested the IMF to relax the target for forex reserves.

Considering the request, the IMF has relaxed the target. Bangladesh has committed to keep the reserves at $18.4 billion at the end of December this year, and at $20 billion at the end of June next year.

Last Tuesday and Wednesday, the visiting IMF delegation discussed the issues with the relevant officials of the Finance Division of the Bangladesh Ministry of Finance.

Sources in the Finance Division said that after discussion, IMF agreed on being flexible on some conditions. Finance Secretary Md. Khairuzzaman Majumder led the meeting on behalf of the government. The IMF mission was led by Rahul Anand, head of the IMF’s Asia-Pacific division.

Please email us if you have any comment.


ایرانی صدر ابراہیم رئیسی اور وزیر خارجہ ہیلی کاپٹر حادثے میں جاں بحق

ایرانی میڈیا نے ہیلی کاپٹر حادثے میں صدر ابراہیم رئیسی کے جا ...

ایران: صدر رئیسی کے ہیلی کاپٹر کی تلاش کے لیے سرچ آپریشن جاری ہے۔

ایران: صدر رئیسی کے ہیلی کاپٹر کی تلاش کے لیے سرچ آپریشن جاری ...

ناہمواریوں کے باوجود عالمی معیشت میں بہتری کی امید

ترقی پذیر ممالک میں محنت کشوں کے معاوضوں میں اضافہ ہو رہا ہے ...


Singapore: PM urges married Singaporean couples to have babies during year of Dragon

AMN / WEB DESK Prime Minister of Singapore Lee Hsien Loong has urged married Singaporean couples to have ba ...

Himachal Pradesh receives large number of tourists for Christmas and New Year celebrations

AMN / SHIMLA All the tourist places of Himachal Pradesh are witnessing large number of tourists for the Ch ...

Indonesia offers free entry visa to Indian travelers

AMN / WEB DESK In a bid to give further boost to its tourism industry and bring a multiplier effect on the ...


Tamil Nadu CM Stalin attacks BJP over ‘saffron’ Doordarshan logo

AMN DMK Chief and Tamil Nadu chief minister MK Stalin on Sunday slammed the Bharatiya Janata Party (BJP) f ...

Broadcasting Authority Penalises TV Channels for Hate-Mongering, Orders Removal Of Offensive Programs

Broadcasting Authority (NBDSA) Orders Times Now Navbharat, News 18 India, Aaj Tak to Take Down 3 TV Shows ...


Uttarakhand: Portals of Badrinath Shrine open for Pilgrims

The portals of the famous Badrinath shrine, located in Chamoli district of Uttarakhand, opened this morning at ...

Mata Vaishno Devi Bhawan Decorated With Imported Flowers Ahead Of Navratri Festival

AMN In Jammu, ahead of the festivl of Navratri, Katra and Mata Vaishno Devi Bhawan is decorated with import ...

@Powered By: Logicsart