Dhaka, Aug. 21 -- Release of International Monetary Fund (IMF) loan for Bangladesh remains stalled due to pending reforms in the financial sector, conditions to cut subsidies and climate resilience issues.

The global lender has imposed nearly a dozen conditions, including reforms in the banking sector and banking laws, capacity building of the National Board of Revenue (NBR), single-click access to taxpayer information, removal of subsidies on fuel and electricity, setting a market-based foreign exchange rate and climate resilience issues.

The government is seeking US $2.0 billion additional loan as budget support from the IMF along with the remaining tranches of the $4.7 billion loan program.

The government is seeking to reactivate th...