A delegation of the International Monetary Fund (IMF) is expected to visit Dhaka on October 2 to review the progress in implementing the conditions before the fourth tranche of the loan waiver. The party will meet with various departments of the government till October 17 to implement the various conditions given last June and monitor the overall economic situation.
After approving a loan of 4.7 billion dollars for Bangladesh on January 30 last year, the IMF has already released 2.38 billion dollars in three installments. The loan is scheduled to be fully repaid in seven installments till 2026. Bangladesh has to fulfill conditions to receive each installment under the IMF loan program.
About $115 million is expected to be released in the fourth installment. One of the conditions is to increase net foreign exchange reserves to 14.78 billion dollars by the end of June. At the same time, the target of tax revenue is 3 lakh 94 thousand 530 crores.
Among the structural criteria, Bangladesh was given conditions to fulfill five conditions last June. Most of them are you related to revenue collection. As part of the conditions, Bangladesh will prepare a report on exemptions in respect of personal income tax, corporate income tax and value added tax.
