TDS Desk

The International Monetary Fund (IMF) will release $1.1 billion — the fourth tranche of its $4.7 billion loan package — by March of this fiscal year, Finance Adviser Salehuddin Ahmed said on December 3.

He shared the update with reporters after a meeting with a visiting IMF delegation at his office in Dhaka.

According to the adviser, the IMF sought details about Bangladesh’s current and future strategies regarding revenue collection, fiscal deficits, and stressed assets in the banking sector, among other concerns.

In response, Salehuddin assured the IMF team that the measures being undertaken by the interim government are designed to benefit the country’s future.