'First tranche of IMF loan will arrive in February: Finance Minister'
The first installment of the International Monetary Fund (IMF) loan of $4.5 billion will arrive in February 2023, Finance Minister AHM Mustafa Kamal said. He said this in a briefing after a meeting with the IMF delegation at the Secretariat on Wednesday (November 9). The Finance Minister said that the IMF is providing us with the loan as we wanted. The loan will arrive in seven installments until 2026. The first installment is in February. The remaining loan will be available every six months. He said that according to the IMF's work plan, all the formalities and final board approval of the loan proposal will be completed within the next 3 months. It is worth noting that Bangladesh sent a letter to the IMF on July 24 this year seeking a loan of $4.5 billion. The loan…