Bangladesh is not getting the third installment loan from the International Monetary Fund (IMF) before the budget announcement. According to the calendar of the meeting of the Executive Board of the IMF, the meeting of the Executive Board of the IMF is scheduled from May 29 to 31 to approve the loan of extended credit assistance to Gavin, Somalia, Lakshanabag countries this May. Where there is no name of Bangladesh.
According to the schedule, today Friday Gavin-2023 Article-4 Consultation, Wednesday (May 29) Somalia’s 1st Review under the ECF Agreement, May 31 (Friday) Lakshanabagh 2024 Article-4 Consultation will be discussed.
The National Parliament is scheduled to announce the budget for the coming financial year on June 6. Before that, the issue of the third tranche of the loan was not on the schedule of the meeting of the IMF Executive Board in the remaining days of May.
Incidentally, Bangladesh Bank has removed the smart interest rate of bank loans and left it completely to the market to implement the conditions of the IMF loan. Along with that, the price of the dollar is also increased. However, such an initiative by the central bank has met with mixed reactions.
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