Sadik Sagar, Dhaka.
Discussions between the International Monetary Fund (IMF) and Bangladesh have resumed in Dhaka, signalling renewed engagement over the country’s $5.5 billion loan programme, which has remained on hold since November following the fifth review.
The visit of IMF Asia and Pacific Department Director Krishna Srinivasan marks a fresh round of high-level dialogue. His meetings with Prime Minister Tarique Rahman and Finance Minister Amir Khosru Mahmud Chowdhury focused on policy measures and the broader reform agenda, indicating a continuation of technical discussions aimed at moving the programme forward.
Key issues under consideration include adopting a more market-based exchange rate, improving revenue mobilisation, reducing subsidies, and strengthening oversight in the banking sector. These reforms are part of the existing programme framework and are being reviewed in light of current economic conditions.
Bangladesh’s economy continues to face challenges linked to external pressures, including global uncertainty, elevated import costs, and foreign exchange constraints. At the same time, structural concerns in the financial sector and a relatively low tax-to-GDP ratio remain areas of focus in discussions with the IMF.
Officials indicated that progress on reforms could pave the way for the release of the next tranche of approximately $1.3 billion, potentially by mid-year. However, the timing will depend on the pace of implementation and agreement on policy steps.
The government has said that some reform measures are being implemented immediately, while others may be introduced gradually to align with domestic economic realities. Alongside reform efforts, authorities are continuing social support initiatives and measures aimed at maintaining market stability.
The IMF delegation is also scheduled to meet the Bangladesh Bank governor, with further engagements expected in the coming days. Additional discussions are likely to take place on the sidelines of the IMF-World Bank Spring Meetings in Washington next month.
Overall, the ongoing talks reflect a continuation of policy dialogue between Bangladesh and the IMF, with a focus on balancing reform priorities and economic stability.
