IMF asked the election date before giving Bangladesh Loan

Dhaka, June 25 (IANS). Salehuddin Ahmed, financial adviser to the interim government of Bangladesh, said on Wednesday that the International Monetary Fund (IMF) sought information on the date of the upcoming general election before releasing the fourth and fifth delivery of the loan. The IMF Executive Council recently approved the fourth and fifth installments under a $ 4.7 billion loan program for Bangladesh. Below, Bangladesh will now receive about $ 1.34 billion. According to reports, the fourth installment was discontinued by the IMF in December when many conditions were not fulfilled due to political instability and economic challenges following the fall of the Awami League government in August 2024. Salehuddin Ahmed told the local media, “the IMF would be held in February. released with $ 1.15 billion released last year. “The financial sector policies must prioritize to maintain stability and to deal with increasing weaknesses. A CONTRICS STRATEGY must be developed immediately to ensure the safety of small depositors by implementing a new legal framework for bank reforms. ” to strengthen the management system and improve the quality of data. have a major cash crisis and many commercial and industrial institutions are closed.