The index should be updated quarterly, the donor agency said
IMF mission concluded its 15-day visit to Bangladesh today
The Washington-based lender said the economy would grow by 5.7 percent in 2023-24, lower than the 6 percent forecast in October. The gross domestic product (GDP) projection was 6.5 percent initially.
The International Monetary Fund has suggested the National Board of Revenue (NBR) restructure the personal income tax slabs and increase the tax-free income limit to Tk 5 lakh from the existing Tk 3.5 lakh.
A tax policy mission of the International Monetary Fund (IMF) yesterday began to work with the National Board of Revenue (NBR) to train taxmen to assess tax expenditures so that the government can eliminate less effective tax exemptions, broaden the tax base and increase revenue collection.
The International Monetary Fund (IMF) said that the latest monetary policy adopted by the Bangladesh Bank would help to curb inflation, but added that further measures would be needed to make it durable.
Bangladesh might have experienced capital flight in the last financial year evidenced from the unusual outflow of funds as well as unrealised export proceeds, said the International Monetary Fund (IMF).
A board meeting of IMF isto be held today, where about $681 million in a second loan tranche is expected to be approved for Bangladesh
An IMF team meets BSEC officials today
Resolutely addressing the high level of non-performing loans in the banking sector in Bangladesh is essential to address financial stability risks and associated fiscal risks, the International Monetary Fund (IMF) says.
International Monetary Fund (IMF) has appointed Gita Gopinath as Economic Counsellor and Director of the IMF’s Research Department, according to a press release.
From Xi’s China to Duterte’s Philippines, Asian economies have risen as the world’s best countries in terms of GDP.
The IMF has identified risk factors in Bangladesh economy, including political unrest related to national elections, the Rohingya situation and further deepening of crises in the state owned banks.
Bangladesh will need to boost productive investment by addressing infrastructure bottlenecks and strengthening the banking sector to keep ongoing momentum unhurt, the IMF said in its annual assessment of the economy.
The International Monetary Fund warns that US import tariffs on steel and aluminum would likely cause economic damage to the United States and its trading partners, and urges countries to resolve trade disputes without resorting to retaliatory measures.
An International Monetary Fund delegation visits Myanmar this week for an annual economic checkup of a country whose treatment of its Rohingya Muslim minority has put it in the international spotlight.
The government has backtracked on its move to implement the new VAT law from the start of the new fiscal year in the face of resistance from businesses, a section of revenue officials and inadequate preparation by the National Board of Revenue (NBR).
Prime Minister Sheikh Hasina attends the Outreach Meeting of the G7 countries, representing world's seven major advanced economies.
The International Monetary Fund says the global economy faces wide-ranging threats from weak growth and rising protectionism, warning of possible "severe" damage should Britain quit the European Union.