International Monetary Fund (IMF) said that Bangladesh Bank is on the right track. Central Bank Spokesperson Husne Ara Shikha told reporters after a meeting with the IMF delegation at the head office of Bangladesh Bank in Motijheel on Tuesday (September 24).

He said, IMF said, Bangladesh Bank is on the right track. However, the Net International Reserve (NIR) condition is at $19.47 billion despite the condition of $24 billion.

According to the conditions of the IMF, Bangladesh is supposed to be able to meet the import expenses of three and a half months with foreign exchange reserves, but Bangladesh will be able to meet the expenses of 3.1 months.

In view of seeking three billion dollars, discussions are going on with the organization and Shikha further said that IMF is monitoring macro stability, exchange rate, foreign reserve. Bangladesh has highlighted its position.

Earlier, Bangladesh Bank and IMF held an IMF staff opening meeting on the modernization of monetary policy, current situation, transaction situation of financial institutions, exchange rate and asking for additional loan of three billion dollars.

Meanwhile, a mission of the International Monetary Fund is now in Dhaka to investigate whether an additional 3 billion or 3 billion dollars can be given to Bangladesh. The mission is led by Chris Paparzio, head of the Development Macroeconomics Division of the IMF’s research arm.

IMF officials will stay in Bangladesh till September 30. The meeting will be held with various departments including the Finance Department of the Government, Bangladesh Bank, National Board of Revenue (NBR) and Ministry of Labor and Employment. In these meetings, apart from reviewing the IMF’s ongoing loan program in Bangladesh, new loan approvals will also be discussed.