Finance
Reserve Reserve again crosses $30 billion mark
Dhaka, May 12: Bangladesh has received 507 million dollars as budget loan assistance from the World Bank. This money is added to the reserve. As a result, the country's reserves have risen above 30 billion dollars. Two days ago, the reserve was $29 billion after paying import charges.
According to central bank sources, the World Bank has given a cash loan of 507 million dollars to Bangladesh to improve the quality of life of poor people and to improve the quality of life of the poor people as a budget support. Besides, more loans will be available from donor agencies in the coming days. Apart from this, various facilities have been provided to expatriates to send remittances through legal channels, which is expected to increase the flow of remittances in the coming days. It will increase the amount of reserves in the future.
Central Bank Executive Director and Spokesperson Majbaul Haque said that many issues are in the pipeline. Organizations from which we have sought loan assistance are in process. Very soon we will get loan assistance from them. The central bank expects that the gross reserves will rise above 32 billion dollars by next June if these assistances come.
He said that he received 507 million dollars from the World Bank as budget support on Tuesday. It has been added to the reserve. As a result, the reserves increased to 30.36 billion dollars.
According to central bank data, reserves topped $29 billion for the first time in April 2016. At the end of that fiscal year, reserves exceeded $30 billion. After seven years, the reserve again came down to 29 billion. Again this reserve increased again and exceeded 30 billion dollars.
