Bangladesh Bank today explained to the International Monetary Fund (IMF) the reasons behind the failure to meet the target on foreign currency reserves, one of the six conditions set by the global lender for its $4.7 billion loan programme.

It seems there exists a nexus among the policymakers, bank directors, and defaulters which facilitates the process of swindling depositors’ money.

The government is going to unveil a Tk 7,61,785 crore budget for the next fiscal year on Thursday, setting containment of high inflation as a major target.

Reforms following the IMF prescription should not harm disadvantaged groups

As is well-known, credit from the IMF comes with strings attached, and the latest one is no exception.

The central bank took the decision to comply with IMF's loan conditions

There is likely to be yet another increase in electricity tariff by June as the government looks to shed its subsidy burden in line with the demands of the International Monetary Fund.

Economic uncertainty will keep us on our toes

The government is on track to meeting the International Monetary Fund’s tax collection target for March but may miss the mark in June.

A set of parallel initiatives need to be undertaken targeting the structural weaknesses of the gas sector and power sector development to ensure energy transition.

Three issues would be dictating the upcoming fiscal year’s budget, the last of the Awami League government’s present five-year term: the International Monetary Fund’s conditions, the persistently high inflation and next year’s national election.

Bangladesh’s preparation for LDC graduation would start in earnest with the International Monetary Fund’s 42-month loan programme, where one of the objectives is to overhaul the monetary and exchange rate policies to meet the needs of an open economy.

The International Monetary Fund would be watching the Bangladesh economy like a hawk, stipulating an extensive list of data reporting regularly as part of the conditions agreed upon for the $4.7 billion loan programme.

Bangladesh has averted a potential major crisis by reaching out to the International Monetary Fund (IMF) in a timely manner, said Kaushik Basu, a former chief economist of the World Bank.

Bangladesh has a low risk of external and overall debt distress despite higher external borrowing in recent terms, said the International Monetary Fund.

With the approval of a $4.7 billion loan by the International Monetary Fund (IMF) for Bangladesh easing much of the concerns regarding its economy, IMF Mission Chief to Bangladesh Rahul Anand answers some questions about the arrangement.

IMF loan cannot be the only factor behind much-needed structural changes

The prospective loan programme of the International Monetary Fund will prime Bangladesh for graduation from the least-developed country bracket and reach middle-income country status by 2031, said the lender’s top official.

Bangladesh’s $4.5 billion loan programme with the International Monetary Fund is expected to get the final approval on January 30, said the lender’s visiting top official yesterday.

There would not be any further negotiations on the $4.5 billion loan programme during International Monetary Fund’s deputy managing director Antoinette Monsio Sayeh’s forthcoming visit to Bangladesh.