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IMF Executive Board completes third review under Bangladesh's PRGF arrangement and approves disbursement under the Trade Integration Mechanism.

Publication: M2 Presswire
Publication Date: 30-JUN-05 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-30 June 2005-IMF: IMF Executive Board completes third review under Bangladesh's PRGF arrangement and approves disbursement under the Trade Integration Mechanism(C)1994-2005 M2 COMMUNICATIONS LTD

RDATE:29062005

The Executive Board of the International Monetary Fund (IMF) today completed the third review of Bangladesh's economic performance under a Poverty Reduction and Growth Facility (PRGF) arrangement. The completion of the review makes immediately available to Bangladesh an amount equivalent to SDR 67.3 million (about US$ 98.5 million) under the arrangement, including the first of the three equal disbursements under the Trade Integration Mechanism (TIM) amounting to SDR 17.8 million (about US$ 26.0 million).

The IMF's Executive Board approved Bangladesh's three-year PRGF arrangement on June 20, 2003 (see Press Release No. 03/92) for an amount equivalent to SDR 347 million (about US$ 507.7 million). The Executive Board also approved on July 28, 2004 Bangladesh's request for activation of the newly created TIM...

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