Bangladesh to get third IMF loan instalment in June: Ali

Finance Minister Abul Hassan Mahmood Ali announced on Sunday (26 May) that the third instalment of the International Monetary Fund's (IMF) $4.7 billion loan will be disbursed in June.

The announcement came after a meeting with IMF Executive Director Krishnamurthy V Subramanian at the finance minister's office in the Secretariat.

In response to reporters' questions following the meeting, Minister Ali stated, “We are working to increase the flow of dollars. There are many negotiations and efforts underway in this regard. We hope to resolve this issue soon.”

IMF Executive Director Subramanian expressed support for Bangladesh's efforts. “You are on the right track. We support the work you are doing to resolve the issue,” he said.

When asked about the status of the third instalment, Minister Ali confirmed, “They will pay in June, and there is no obstacle.”