The country’s foreign currency reserves have risen to $27.41 billion as of Wednesday, the Bangladesh Bank said Wednesday.
According to IMF standards, the reserves stand at $22.04 billion, and net reserves about $17 billion, which is just shy of around $1 billion required to fulfill a key IMF bailout condition, said Bangladesh Bank Executive Director and Spokesman Arif Hossain Khan on Wednesday.
For unlocking the third and fourth tranches of $4.7 billion IMF fund, the net reserve condition has to be met in June, which the central bank officials are hopeful of meeting fairly easily.
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