Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
The International Monetary Fund (IMF) has delayed reaching a staff level agreement due to existence of some differences with the Bangladeshi authorities.
A visiting team of the IMF, headed by Chris Papageorgiou, the agency’s Mission Chief for Bangladesh, made the announcement on Thursday at a press conference in the capital.
“Discussions are continuing with the objective of reaching a staff-level agreement in the near term- including during April 2025 IMF-World Bank Spring Meetings in Washington, DC-to pave the way for the completion of the combined third and fourth programme review,” Mr Papageorgiou said.
However, Jayendu De, Resident Representative of IMF in Dhaka, said the agency will try to release the fourth and fifth tranches of the $4.7 billion loan before the end of the current fiscal year.