Bangadesh: Talks on $4.5 billion IMF loan start Sunday

DHAKA, 16 July 2022, (TON): A negotiation between the finance ministry and International Monetary Fund over a proposed loan deal worth $4.5 billion will start in the capital.

Finance ministry officials said “they were collecting the updated data from ministries and divisions regarding the country’s macroeconomic situation before starting the negotiation with IMF officials.”

A nine-member IMF delegation headed by its division chief in the Asia and Pacific Department Rahul Anand arrived in Dhaka on Thursday to hold talks with the senior officials of the finance ministry, the central bank, the National Board of Revenue and the Economic Relations Division.

Another team headed by IMF executive director for India, Bangladesh, Bhutan and Sri Lanka Surjit Bhalla is expected to visit soon to finalise the terms and conditions of the loan.

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