IMF Loan Disbursement Delayed Despite 5-Month Review: Disagreement Over Exchange Rate

Staff Reporter

The disbursement of the IMF loan installment has been delayed even after five months of review and evaluation due to disagreements over the exchange rate.

Meanwhile, at least 25 political parties have emerged in Bangladesh’s political landscape over the past eight months. Following this trend, another new party called United Peoples Bangladesh (UP Bangladesh) is set to be formally launched under the leadership of Ali Ahsan Junayed, former president of Dhaka University unit of the now-defunct student organization Chhatra Shibir.

The formal journey of UP Bangladesh will begin this Friday afternoon at Central Shaheed Minar with the formation of its convening committee.

Regarding this matter, UP Bangladesh’s chief organizer Ali Ahsan Junayed said, “On May 9th at Central Shaheed Minar, our party’s formal journey will begin with the announcement of the convening committee. Families of July martyrs and injured persons will be present there. The committee will be announced in their presence.”

The former Shibir leader added that various stakeholders of the July ‘movement’ along with organizers from different levels of UP Bangladesh’s Dhaka metropolitan unit will also be present.

Earlier in March, Ali Ahsan Junayed, former joint convener of the recently dissolved National Citizens Committee, announced through a Facebook post about launching a new political platform. Later on April 10, he revealed the name of this platform as United Peoples Bangladesh (UP Bangladesh) in another Facebook post.