2.05 billion dollars of debt has been added to the country’s foreign exchange reserves. This amount was added to the foreign exchange reserves of Bangladesh Bank on Thursday (June 27). As a result, the total reserves of the central bank have increased to about 2,650 million dollars.
Bangladesh Bank spokesperson Majbaul Haque confirmed this information.
In a statement sent to the media, he said, on Thursday, $115 million of IMF loan installments were added to Bangladesh Bank’s reserves. Apart from this, another 900 million dollar loans from Korea, IDB and other countries have also been added to the reserve. In all, the reserves have increased to a little over 26 billion.
Earlier, on Monday, the IMF approved the third tranche of the $4.7 billion loan agreement for Bangladesh.
Meanwhile, Bangladesh received USD 476.3 million of the first installment of the IMF loan in February last year. And last December received the second installment of 68 million 10 million dollars. Now, as a result of the third installment, Bangladesh has received about $231 million from the IMF in three installments. The remaining $2.39 billion of the loan will be disbursed in four installments.
Bangladesh applied for a loan from the IMF in July 2022. Six months after that application, on January 30 of last year, the IMF approved a loan of 4.7 billion dollars under 38 conditions. The IMF approved a loan of $4.7 billion under three separate programs namely Enhanced Credit Facility (ECF), Enhanced Funding Facility (EFF) and Resilience and Sustainability Facility (RSF).
While approving the loan, the IMF said that the loan will be paid in seven installments until 2026, subject to fulfillment of conditions. Three installments have been received so far.
