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An International Monetary Fund (IMF) team arrives today to review progress on its various prescribed recommendations before disbursement of the fourth and fifth tranches of a $4.7-billion lending package for stabilising Bangladesh's macroeconomic situation.
The team is expected to kick off a series of parleys with various stakeholders after a meeting with Finance Adviser of the interim government Salehuddin Ahmed Sunday.
According to the Finance Division of the Ministry of Finance, the team will engage in "continuous discussions" with various government departments like finance division, Bangladesh Bank (BB), the National Board of Revenue (NBR), Power Division, Power Development Board and Bangladesh Energy Regulatory Commission (BERC) during an 11-day stay in Bangladesh.
Sources at the central bank said the IMF representatives would "probably give more focus on exchange rate-related issues as implementation of market-centric exchange rate is one of the major conditions set by the IMF, which still remains unmet".
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