Bangladesh's foreign exchange reserves increased with IMF and ADB loans

Bangladesh’s foreign exchange reserves increased with IMF and ADB loans

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Bangladesh Bank’s foreign exchange reserves have seen an increase after receiving loan installments from the International Monetary Fund (IMF) and Asian Development Bank (ADB).

Total or gross reserves have now reached US$25.82 billion.

Using the IMF’s BPM 6 accounting methodology, reserves amount to US$20.40 billion. However, the central bank has not disclosed net or actual reserves.

Bangladesh Bank spokesperson and executive director Mezbaul Haq gave this information in a press conference on Sunday.

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