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The Ministry of Finance (MoF) on Tuesday said the delay in releasing the fourth tranche of IMF loan was mutually decided as Bangladesh could not implement some conditions on time.
The clarification came as media outlets published news reports on Tuesday on the deferred release of the fourth tranche of the US$4.7 billion loan from the International Monetary Fund, says a press release.
It said the IMF approved a loan in 2023, against which Bangladesh has already received three instalments amounting to US$2.3 billion.
"The instalments are disbursed upon fulfilment of conditions that have been mutually agreed by the government of Bangladesh and the IMF to strengthen the foundation of the economy," says the statement.
It further mentioned that budget support programmes are associated with the implementation of conditions, some of which require time.
"Hence, it was mutually decided that the two disbursements scheduled in FY2024-25 would be combined. Therefore, the IMF agreed to combine the fourth and the fifth disbursements together," it adds.
The disbursement will be made in June after satisfactory completion of the review scheduled in April and approval by the IMF Board in June 2025, the release added.
syful-islam@outlook.com