Friday, 09 May, 2025
Friday, 09 May, 2025

IMF flags risks to Bangladesh economy as it concludes visit

English Desk
  07 May 2023, 10:35

Bangladesh remains one of the fastest-growing economies in the Asia-Pacific region, but challenges remain for the country, according to the International Monetary Fund.

Persistent inflationary pressures, elevated volatility of global financial conditions, and a slowdown in major advanced trading partners continue to weigh on growth, foreign currency reserves, and its currency taka, IMF’s Mission Chief Rahul Anand said in a statement on Sunday.

The Washington-based lender shared the assessment at the end of the visit to Dhaka that began on Apr 25. Anand led the team.

The team met with top officials of the finance ministry, Bangladesh Bank and the energy ministry to discuss recent macroeconomic developments and implementation of the Fund-supported program.

“During the visit, we discussed recent macroeconomic and financial sector developments. We also took stock of the progress made toward meeting key commitments under the Fund-supported program,” Anand said.

This will be formally assessed in the first review of the $4.7 billion loan it approved in January for Bangladesh its Extended Credit Facility and Resilience and Sustainability Facility arrangements.

The review is expected to be undertaken later this year.

The IMF said its team held meetings with Bangladesh Bank Governor Abdur Rouf Talukder, Finance Secretary Fatima Yasmin, and other senior government and Bangladesh Bank officials, representatives from the private sector, bilateral donors, and development partners.

“We would like to thank the authorities for candid discussions and their warm hospitality. We look forward to continuing our engagement in support of Bangladesh and its people.”

Comments

  • Latest
  • Popular

Former Narayanganj mayor Selina Hayat Ivy arrested

Abdul Hamid heads to Bangkok for medical treatment

Bangladesh goes up a notch, ranks 130th in human development: UNDP report

Trump tells India and Pakistan to 'stop' clashes

Pakistan PM Shehbaz vows 'every drop of blood' spilt to be avenged

123 individuals 'pushed in' from India

Bangladesh calls for restraint as India-Pakistan conflict intensifies

Retaliation 'underway' as India hits Pakistan

Death toll from Indian strikes on Pakistan jumps to 8 civilians: military spokesman

UN chief concerned over Indian military actions in Pakistan

১০
Amnesty expresses concern over Meghna Alam's detention
Amnesty International has expressed concern over the detention of Meghna Alam by police in plainclothes
'No plan to ban Awami League'
Chief Adviser Prof Muhammad Yunus has said that the interim government has no plans to
Toby Cadman urges govt to refer July massacre case to the ICC
Toby Cadman today urged the government to refer the cases of the July-August massacres to the International
Bangladesh to Investigate Appointment of WHO Regional Director for South East Asia
As Bangladesh presses for its former prime minister, Sheikh Hasina, to be extradited to face