The staff of the International Monetary Fund and the authorities of Bangladesh have reached a staff-level agreement to support Bangladesh’s economic policies with a 42-month arrangement of approximately $3.2 billion under the Extended Credit Facility and the Extended Fund Facility, as well as approximately US$1.3 billion under the Resilience and Sustainability Facility.
IMF confirmed this in a statement issued on the final day of its two-week mission in Bangladesh on Wednesday.
According to an IMF statement, the goals of Bangladesh’s new Fund-supported program are to maintain macroeconomic stability and support strong, inclusive, and green growth while protecting the vulnerable.
Meanwhile, the ruling Awami League general secretary and road transport and bridges affairs minister, Obaidul Quader, stated on Wednesday that the Bangladesh government would not accept any loan from the International Monetary Fund with stringent terms.
