The second tranche of the International Monetary Fund`s loan of $689 million has been credited to the Bangladesh Bank`s account, according to a top central banker today.
The fund has been added to the central bank`s reserves on Thursday, said BB Executive Director and Spokesperson Md Mezbaul Haque.
It happened two days after the IMF`s executive board completed the first review of the $4.7 billion loan program and the Article IV consultations, unlocking $689 million in disbursements.
Bangladesh received $447.8 million in the first installment on February 2 after turning to the lender during an unusual turnaround in the financial account that has resulted in the sharpest drop in reserve levels in two years.
The reserves were at their highest point ever on Thursday, $19.17 billion, compared to the record $46.4 billion in 2020–21.
-20241102183609.jpg)
