Dhaka, Oct. 5 -- Bangladesh has successfully met crucial conditions related to foreign exchange reserves and arrear reductions in the energy and fertiliser sectors, paving the way for the release of the next installment of the International Monetary Fund (IMF) loan programme. However, the country once again fell short of its tax revenue collection target. An IMF mission is set to arrive in Dhaka on 29 October for a two-week review of performance up to June.

The IMF had approved a $4.7 billion loan package in January 2023, later expanding it by $800 million and extending the programme by six months. With $3.6 billion already disbursed, Bangladesh now aims to unlock the sixth tranche of about $450 million by meeting six Quantitative Perfor...