IMF approves over 689 mln USD in 2nd tranche loan for Bangladesh

DHAKA, Dec. 13 (Xinhua) -- The Executive Board of the International Monetary Fund (IMF) has approved over 689 million U.S. dollars in the second tranche of the 4.7 billion dollars loan package allocated for Bangladesh.

In a statement received here Wednesday, IMF said it allowed the authorities to withdraw the equivalent of 352.35 million SDR (special drawing rights) (about 468.3 million dollars) under the Extend