Dhaka,  Tuesday
02 July 2024

3rd tranche of loan raises reserves to $27b: BB

Staff Reporter, Dhaka 

Published: 08:24, 29 June 2024

3rd tranche of loan raises reserves to $27b: BB

Photo : Collected

Bangladesh's foreign exchange reserves have crossed US$27 billion as the International Monetary Fund (IMF) has provided $1.15 billion loan and other lenders provided  $900 million. The central bank confirmed the data on Friday (June 28).

Talking to the media, Bangladesh Bank (BB) Executive Director and Spokesperson Mezbaul Haque informed that the final position of gross reserve as on 27.06.2024 is $27.15 billion.

"We have received $1.15 billion from the IMF. We also received around $900 million from other sources like South Korea, International Bank for Reconstruction and Development (IBRD), and Islamic Development Bank (IDB)," he said.

Earlier, Bangladesh Bank sent the good news regarding foreign reserves. In a message, the central bank said the final position of gross reserve as on 27 June 2024 is $27.15 billion.

Bangladesh received $1.15 billion from the International Monetary Fund (IMF). The country also received around $900 million from other sources like South Korea, International Bank for Reconstruction and Development (IBRD), and Islamic Development Bank (IDB).

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