Bangladesh is expected to receive the second installment of the USD $4.7 billion loan from the IMF by November this year.

“Officials of the International Monetary Fund (IMF) visited Dhaka several times and found satisfactory achievement in different sectors. The second instalment of the loan will be released timely,” a senior official of the finance ministry told UNB on Monday.

The forex reserves of Bangladesh Bank have fallen below the benchmark set by the IMF. There are concerns regarding the second instalment of the loan,

Dr Ahsan H Mansur, former economist of IMF, said.

However, Bangladesh Bank believes that the second instalment of the loan will be released on time.

Recently, a Bangladesh delegation held several meetings with the IMF delegation. At the meeting, the IMF delegation assured that the second tranche of the loan would be released on time.

Bangladesh received $470.62 million as the first instalment of IMF’s loan last February.