Reserves rise to $26.32b with IMF, WB support

Bangladesh’s foreign exchange reserves have risen to $26.32 billion, calculated under the IMF’s Balance of Payments and International Investment Position Manual (BPM6), following recent inflows from development partners.

This marks a substantial jump from the $22.24 billion recorded under the same calculation on 24 June.

Bangladesh Bank Spokesperson Arif Hossain Khan confirmed the increase, attributing the boost to disbursements from the International Monetary Fund (IMF), the Asian Infrastructure Investment Bank (AIIB), and the Asian Development Bank (ADB).

According to central bank sources, the addition of $350 million from the World Bank on 24 June had initially pushed reserves to $22.32 billion. Since then, over $1.30 billion in IMF loan disbursements and $800 million from the AIIB have been added. ADB funds have also contributed to the reserve increase.

As of 29 June, Bangladesh Bank data shows the country’s gross reserves stand at $31.31 billion. Under the BPM6 methodology, gross reserves are recorded at $26.32 billion, with net reserves amounting to $20.31 billion.