Finance Minister Amir Khasru Mahmud Chowdhury said the government has initiated discussions with the International Monetary Fund (IMF) to secure additional funds for energy imports affected by the Iran war. He made the remarks after meeting Krishna Srinivasan, IMF’s Asia and Pacific Director, at the Secretariat. Further detailed discussions are expected to take place in Washington.

The minister stated that the Iran war has negatively impacted Bangladesh’s economy, prompting the government to adopt cost-cutting and reform measures. He clarified that the IMF’s sixth and seventh tranches, totaling 1.86 billion dollars, will not be released before the next budget, with a review scheduled for July. The government aims to implement the BNP’s election manifesto to overcome economic challenges and is taking steps to simplify business processes and reduce expenses.

Chowdhury added that timely measures have prevented fuel shortages from affecting Eid transport and commodity prices. He urged citizens to remain prudent and compassionate during the ongoing crisis.