Dhaka, May 8 -- Bangladesh is getting US$1.152 billion, more than double the amount scheduled in the third tranche of an IMF loan meant to prop up falling forex reserves.

The all-clear comes as the International Monetary Fund (IMF) Wednesday reached a staff-level agreement with the Bangladesh authorities on the policies needed to complete the second review of the ongoing loan programme.

Once approved by the executive board in the coming weeks, the IMF will make available about a total of US$1.152 billion to Bangladesh, says an IMF release.

Of the total sum, $932 million will come as Extended Credit Facility (ECF)/ Extended Fund Facility (EFF) while $220 million will come as Resilience and Sustainability Facility (RSF).

Bangladesh was ...