<span style="color: #222222;">The International Monetary Fund (IMF) has relaxed several targets for Bangladesh. For the loan package of the $4.70 billion, IMF had set some targets for Bangladesh including foreign exchange reserves, revenue collection, automatic price adjustment of fuel.</span><br />'' <br />'' <span style="color: #222222;">At the beginning of this year, the IMF had set forex reserves target at $25.34 billion by September and $26.81 billion by June next year as conditions for the loan package.</span><br />'' <br />'' <span style="color: #222222;">According to BPM6 ' reserve calculation method ' Bangladesh's forex reserves stand at $21.15 billion. On a net basis, this amount has further decreased to below $18 billion, reports UNB.</span><br />'' <br />'' <span style="color: #222222;">In this situation, the Finance Division officials requested the IMF to relax the target for forex reserves.</span><br />'' <br />'' <span style="color: #222222;">Considering the request, the IMF has relaxed the target. Bangladesh has committed to keep the reserves at $18.4 billion at the end of December this year, and at $20 billion at the end of June next year.</span><br />'' <br />'' <span style="color: #222222;">Last Tuesday and Wednesday, the visiting IMF delegation discussed the issues with the relevant officials of the Finance Division of the Bangladesh Ministry of Finance.</span><br />'' <br />'' <span style="color: #222222;">Sources in the Finance Division said that after discussion, IMF agreed on being flexible on some conditions. Finance Secretary Md. Khairuzzaman Majumder led the meeting on behalf of the government. The IMF mission was led by Rahul Anand, head of the IMF's Asia-Pacific division.</span><br />