IMF approves $140.9mn under ECF

The Executive Board of the International Monetary Fund (IMF) on Friday completed the fourth review of Bangladesh’s economic programme under a three-year arrangement supported by the Extended Credit Facility (ECF) and approved a US$140.9 million disbursement. The Executive Board’s decision enabled the immediate disbursement of an amount equivalent to SDR 91.423 million (about US$140.9 million) to Bangladesh. This will bring the total disbursements under the arrangement to SDR 457.115 million (about US$704.3 million). The decision was taken without a formal board meeting, according to a message received here from Washington, according to UNB.