According to Bangladesh Bank, as of the end of April, the country's gross foreign exchange reserves stood at $27.42 billion, while reserves measured using the BPM6 methodology stood at $22.04 billion. On the same day, Bangladesh Bank Governor Ahsan H Mansur announced the central bank’s decision to move toward a market-based exchange rate for the dollar. In addition to the IMF support, Bangladesh also expects to receive around $2 billion in budget assistance from other development partners, including the World Bank, Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), Japan, and the OPEC Fund for International Development. While these loans do come with reform conditions, the finance ministry said that all decisions were being taken with Bangladesh’s socio-economic context in mind. “The inflow of these funds will further strengthen foreign exchange reserves and help maintain stability in the exchange rate,” the ministry said.

Source: bd News24 May 14, 2025 11:02 UTC