IMF’s Loan Decision Expected on May 5: NBR Chief

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IMF’s Loan Decision Expected on May 5: NBR Chief

B Mirror Desk : National Board of Revenue (NBR) Chairman Abdur Rahman Khan stated today (29 April) that Bangladesh might be given a decision about the next tranche of its IMF loan during a meeting in Washington on May 5.

In an interview with media following a seminar in Paltan, Dhaka, the chairman of the NBR stated that the final decision about the loan’s approval will be made at the IMF board meeting on May 23.He continued by saying, “We are hopeful that a positive decision will be made regarding the loan tranche.”

Additionally, Abdur Rahman affirmed that talks with the IMF are still going on, with the main point of contention being the openness of the exchange rate.

“Macroeconomic Perspective and Fiscal Measures,” the seminar’s title, was organized in collaboration between the Foreign Investors’ Chamber of Commerce and Industry (FICCI) and the Economic Reporters’ Forum (ERF).
During the current round of negotiations, it was originally anticipated that the IMF would make an announcement regarding the loan tranche.
“There has been no agreement yet, but the window of opportunity is still open,” the NBR chairman said in response to a query.

Policy Exchange Bangladesh Chairman Dr. M Mashrur Reaz, FICCI Executive Director TIM Nurul Kabir, ERF President Doulot Akter Mala, and ERF General Secretary Abul Kashem were among the other speakers at the session.

 

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