Forex reserves increase after getting IMF’s 3rd installment

Bangladesh Bank's foreign exchange reserves have seen an increase following the receipt of 3rd loan installments from the International Monetary Fund (IMF).

The total or gross reserves have now reached USD 26.5 billion.

Bangladesh received $1.15 billion in this installment, Bangladesh Bank spokesperson Mejbaul Haque said on Thursday (June 27).

Apart from this, we have got about 900 million dollars from other sources like Korea, IBRD, IDB etc, he added.

On Monday, the IMF approved the third tranche loan under the 476 million dollar loan agreement for Bangladesh.