The International Monetary Fund (IMF) has warned that Bangladesh must fulfill key reform commitments to receive the fourth and fifth tranches of its loan package. The economy remains under pressure, with foreign reserves yet to recover and the tax-to-GDP ratio significantly below target. The IMF also noted that the government has limited capacity to invest in poverty alleviation. Reforms, including a market-based exchange rate for the dollar, are critical to stabilizing the economy. It confirmed that further disbursements would be contingent on the timely and verifiable implementation of these reforms, per an agreement reached with the government.