Bangladesh: Negotiation with IMF on loans likely in October

DHAKA, 17 August 2022, (TON): Negotiation between the government and the International Monetary Fund on loans is likely to begin in October.

An IMF official told media “the negotiation was likely to commence sometime after the annual meetings of the IMF and The World Bank.”

The annual meetings will take place in October 10–16 in Washington.

The IMF official also said the government had sought loans from the Resilience and Sustainability Trust, a new type of loan established in April.

Dhaka has also sought loans for budget support and balance of payment, said the official, adding that no amount was mentioned in the official letter seeking the IMF assistance.

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