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Tags : imf


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IMF team to arrive in Dhaka on Saturday

A delegation from the International Monetary Fund will arrive in Dhaka on Saturday to assess progress on various conditions before the disbursement of the fourth and fifth tranches of the $4.7 billion loan agreement...

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IMF chief says Sri Lanka stabilised, pledges more help

IMF chief Kristalina Georgieva pledged to support Sri Lanka’s economic recovery, praising the cash-strapped nation’s ‘remarkable turnaround’ during online talks with its president.

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IMF approves $330m payout for Sri Lanka

Sri Lanka’s leftist president received a boost from Washington on Friday, with the International Monetary Fund greenlighting a roughly $330 million payout under an existing loan agreement.

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IMF loan’s 4th tranche deferred to June

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.

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Forex reserve crosses $20b again

Bangladesh’s gross foreign exchange reserves, calculated under International Monetary Fund (IMF) guidelines, have surpassed $20 billion again, driven by strong remittance inflows...

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Bangladesh’s VAT conundrum

The recent decision of the interim government to expand the VAT net and hike VAT rates at the behest of the International Monetary Fund has justifiably attracted harsh criticisms from all quarters. This is the worst decision of the interim government since its inception following the overthrow of the autocratic regime of Sheikh Hasina and is hence bound...

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IMF’s questionable moral authority and competence

AS PER media reports, representatives of the International Monetary Fund have termed the Bangladesh Bank’s recent decision to print Tk 22,000 crore (22.5 billion) to save weak banks and to ease liquidity crisis amidst inflationary pressure as ‘suicidal.’

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Bangladesh seeks $6b from lenders for FY25

Finance adviser Saehuddin Ahmed on Tuesday said that he was expecting $1.1 billion from the International Monetary Fund in the next two months while expecting more funds against the demand for...

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How BRICS redefines global cooperation

THE 16th BRICS summit in Kazan, Russia, felt like a deliberate contrast to the annual IMF and World Bank meetings taking place in Washington. The timing couldn’t have been more telling. The optics of this contrast were hard to miss, giving off the impression of a bloc standing firmly apart from the US-dominated global order. While the West may see Kazan...

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Sri Lanka needs to protect hard-won gains: IMF

Sri Lanka’s painful austerity measures were ‘bearing fruit’ and must be sustained, the International Monetary Fund said Friday as the country’s new president sought changes to...

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Formation of interim govt timely: IMF

The International Monetary Fund on Monday said that the timely formation of an interim government in Bangladesh had helped stabilise the political and security conditions, fostering a gradual return to normalcy in the economy...

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IMF starts weeklong Bangladesh mission today

The International Monterey Fund will start a weeklong mission in Dhaka to negotiate over an extra $3 billion loan sought by the interim government in budget support.

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Cash-strapped Maldives says no need for IMF bailout

The Maldives says its financial troubles are ‘temporary’ and the luxury tourist destination has no plans to seek an International Monetary Fund bailout after warnings of a possible sovereign default...

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Desperate people cannot be pushed too much by either government or IMF

SRI Lanka has so far been spared the riots and political instability that has rocked other countries facing debt repayment crises. Kenya and now Bangladesh have seen large scale rioting and popular uprisings that are directly the consequence of economic problems that have sharpened the pain felt by the masses of people...

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IMF loan programme to continue despite regime change

The International Monetary Fund will continue its ongoing $4.7 billion loan programme in Bangladesh despite the students-led mass demonstration that stepped Sheikh Hasina down as prime minister on Monday...

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IMF cuts next tranche by $125m

International Monetary Fund has revised down the loan amount by around $125 million for the next tranche under the ongoing $4.7 billion loan programme Bangladesh has taken amid the shortage of foreign currencies...

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Pakistan to get $7b IMF aid

The International Monetary Fund has agreed to loan Pakistan $7 billion to bolster its faltering economy, with Islamabad pledging Saturday it would be the last time it...

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IMF slightly downgrades US economic forecast for 2024

The IMF said Thursday it expects the US economy to grow a bit more slowly than previously forecast, while praising the way it has remained ‘robust, dynamic, and adaptable to changing global conditions.’...