Bangladesh Bank Governor Ahsan H. Mansur announced that the country is set to receive $3.5 billion in loans from the World Bank, IMF, and Asian Development Bank by June. Bangladesh has agreed to a more flexible exchange rate, prompting the IMF to release two pending tranches of a $4.7 billion loan simultaneously. “Remittances are strong, reserves are stable, and the balance of payments has improved. This is the ideal time to move toward a market-based exchange rate,” said Mansur.