Dhaka, March 25 -- Bangladesh is set to receive the sixth instalment of its $5.5 billion IMF loan after an assessment mission visits in April to evaluate macroeconomic performance, financial sector reforms, and progress against agreed benchmarks.

Chris Papageorgiou, the head of the IMF mission in Bangladesh, confirmed the development after a meeting with Bangladesh Bank Governor Mostaqur Rahman at the central bank headquarters on Wednesday.

The IMF's spring meetings will be held in April, followed by a team's visit to Bangladesh, he said.

The remaining amount will be discussed during the visit, with June as likely for its release.

Bangladesh Bank is preparing for the IMF team's visit, slated to visit in the second week of April.

Also...