Finance adviser Salehuddin Ahmed on Monday said that the disbursement of the fourth tranche under a $4.7-billion International Monetary Fund loan programme had been deferred to June.
鈥榃e are now expecting to get two tranches in June,鈥� he told reporters after attending a session of the ongoing deputy commissioner conference in the capital Dhaka.
He attributed some pending conditions under the loan deal to the deferment of the fourth tranche which was due in this month.
The finance adviser, however, did not disclose the conditions.
The conditions reportedly include strengthening revenue collection to manage external pressures, tightening monetary policy to curb inflation and making the foreign exchange rate more market-oriented.
Noting that the IMF loans聽 carry conditions, he said that the conditions would be met after safeguarding the country鈥檚 interests.
Salehuddin, however, said that the deferment was made on the basis of a consensus with the IMF.
He said that they were not desperate for the IMF loan since the balance of payment crisis had eased with the improvement in economic situation.
The IMF loan programme began on 30 January, 2023 with the disbursement of the opening tranche of $476.3 million on February 2, 2023.
The second tranche amounting to $681 million was released in December 2023 and the third tranche worth $1.15 billion released on June 2024.