IMF team arrives Oct 26 for 10-day visit to discuss $4.5 b loan

Industry Desk: The Ministry of Finance yesterday said a team from the International Monetary Fund (IMF) will arrive in Bangladesh on October 26 to discuss the terms of a $4.5 billion loan to Bangladesh.
The IMF team will stay in Dhaka for 10 days and will hold meetings with government officials of different offices, including Bangladesh Bank, and the Ministry of Finance.
Meanwhile, the central bank governor Abdur Rouf Talukder said that he had received verbal assurance of getting the loan from the IMF during his recent Washington visit.
Besides, the World Bank will provide another $1.0 billion separately as budgetary support for Bangladesh.
However, the IMF is also expected to attach various conditions to the disbursement of the loans.
Highlighting the overall situation of the economy, last July, Bangladesh wrote a letter to the IMF asking for a loan to maintain the balance of transactions and as budget support.
Although the loan amount was not mentioned in the letter, sources said then that Bangladesh wanted a $4.5 billion loan as budget support.