IMF's $4.7b loan: Finance ministry clarifies reason behind delay in releasing fourth tranche
The ministry issued a statement today (18 February) after news was published in media outlets on the deferred release
The finance ministry has clarified the reason behind delay in International Monetary Fund's (IMF) disbursement of the fourth tranche – amounting to $645 million – of its $4.7 billion loan to Bangladesh.
The ministry issued a statement today (18 February) after news was published in media outlets on the deferred release.
"The installments are disbursed upon fulfilment of conditions that have been mutually agreed by the government of Bangladesh and the IMF to strengthen the foundation of the economy. Budget support programmes are associated with the implementation of conditions some of which require time," reads the statement.
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"Hence, it was mutually decided that the two disbursements scheduled in FY2024-25 would be combined. Therefore, the IMF agreed to combine the fourth and the fifth disbursements together."
The disbursement will be made in June after satisfactory completion of the review scheduled in April and approval by the IMF Board in June 2025, the ministry said.
The IMF approved a loan to the tune of $4.7 billion in 2023, against which Bangladesh has already received three installments amounting to $2.3 billion.
