{"id":181863,"date":"2025-10-01T06:09:10","date_gmt":"2025-10-01T06:09:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/181863\/"},"modified":"2025-10-01T06:09:10","modified_gmt":"2025-10-01T06:09:10","slug":"imf-loan-ceiling-will-not-put-pressure-on-bangladesh-salehuddin","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/181863\/","title":{"rendered":"IMF loan ceiling will not put pressure on Bangladesh: Salehuddin"},"content":{"rendered":"

‘We are being very cautious about taking foreign loans this year. No budget-support loans will be taken,’ said the adviser <\/p>\n

\n TBS Report\n <\/p>\n

\n 30 September, 2025, 02:00 pm <\/p>\n

\n Last modified: 30 September, 2025, 02:40 pm <\/p>\n

\n Finance Adviser Salehuddin Ahmed. Illustration: TBS \n<\/p>\n

“> <\/p>\n

\"Finance<\/p>\n

\n Finance Adviser Salehuddin Ahmed. Illustration: TBS \n <\/p>\n

Finance Adviser Dr Salehuddin Ahmed has said that the loan ceiling set by the International Monetary Fund (IMF) will not create any pressure on Bangladesh.<\/p>\n

Speaking at his office in the Ministry of Finance today (30 September), he told The Business Standard that the government has already cleared $5 billion in foreign debts and outstanding bills since assuming responsibility, while reserves have risen to over $30 billion.<\/p>\n

“We are being very cautious about taking foreign loans this year. No budget-support loans will be taken,” he said.<\/p>\n


\n \"The
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The adviser emphasised stronger revenue collection, noting that letters have been issued to tax evaders and corruption has reduced, boosting tax receipts.<\/p>\n

He added that during the IMF’s upcoming October board meeting, Bangladesh will not seek any additional loans from the IMF, World Bank, or ADB.<\/p>\n

Although China’s New Development Bank has shown interest in providing loans, Bangladesh has declined for now, he said.<\/p>\n

Salehuddin pointed out that excessive foreign borrowing could create a burden for the next government. Despite the IMF setting a loan ceiling of $1.91 billion for the first quarter of the current fiscal year, Bangladesh has drawn only about $300 million.<\/p>\n

He further noted that budget-support loans often come with conditions that limit a country’s ability to make independent policy decisions.<\/p>\n

Extortion increased since 5 August<\/p>\n

He said that extortion has risen across the country since 5 August, and the interim government has failed to bring it under control.<\/p>\n

Speaking at his office in the Ministry of Finance today (30 September), he stated that without political commitment and an elected government, controlling extortion is not possible.<\/p>\n

“For example if Tk1 was extorted earlier, now Tk1.5-Tk2 is being taken. Since 5 August, various groups have become involved in extortion, including those who were not previously engaged. Even members of business associations are involved,” he said.<\/p>\n

He added that extortion is driving up commodity prices, but tackling the issue is not the responsibility of his ministry. “The interim government is not following a ‘catch this person, catch that person’ approach,” he remarked.<\/p>\n

Despite these challenges, Salehuddin expressed optimism that inflation will come down to 7% by June next year.<\/p>\n","protected":false},"excerpt":{"rendered":"‘We are being very cautious about taking foreign loans this year. No budget-support loans will be taken,’ said…\n","protected":false},"author":2,"featured_media":181864,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":["post-181863","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/181863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=181863"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/181863\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/181864"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=181863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=181863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=181863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}