Bangladesh will present a more flexible exchange rate and reforms to banks’ lending rates to the IMF, which will visit the country from April 25 to May 7 to review its progress in meeting the USD 4.7 bln loan conditions. The new reforms will allow banks to set lending rates at a maximum of 3% above the six-month weighted average rates for Treasury bills, replacing the previous cap of 9%. The central bank is also unifying its multiple exchange rates to ensure the IMF program stays on track. Moody’s has stated the nation’s ability to implement IMF conditions is crucial to avoid a credit rating downgrade.