The chief adviser takes part in a talk at Chatham House, an independent think-tank based in London,
With the central bank agreeing to go for a flexible exchange rate, the IMF will disburse the fourth and fifth instalments in June this year.
The government has reached a staff-level agreement with the International Monetary Fund for the fourth and fifth tranche of the $4.7 billion loan programme, putting to bed months of uncertainty over their disbursement.
The Spring Meetings indicate that the IMF and World Bank are at a crossroads.
The government and the International Monetary Fund are set to meet again today for another round of negotiations over the release of the fourth and fifth tranches of a $4.7 billion loan programme.
The fourth tranche of the instalment was deferred due to disagreements and now talks are going on to release two tranches at once.
The IMF projected Bangladesh’s GDP growth at 3.76% for FY25
The International Monetary Fund's move to disburse the fourth and fifth tranches of a $4.7 billion loan together was a mutual decision, the finance ministry said in a press release yesterday.
The meeting will be held in February next year
The country is facing the biggest macroeconomic challenge in the last one decade, said Selim Raihan, executive director of the South Asian Network on Economic Modeling (Sanem).
The World Bank has agreed to provide Sri Lanka with $600 million in financial assistance to help meet payment requirements for essential imports, the Sri Lankan president's media division said in a statement on Tuesday.
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).
