Bangladesh: Second Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for Modification of Performance Criteria—Staff Report, Staff Supplement and Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Bangladesh

June 5, 2013

Preview Citation

Format: Chicago

Bangladesh: Second Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for Modification of Performance Criteria—Staff Report, Staff Supplement and Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Bangladesh, (USA: International Monetary Fund, 2013) accessed November 24, 2024

Summary

Bangladesh has made substantial progress in strengthening macroeconomic conditions and structural policies. Strong vigilance, guided by adherence to programmed deficit targets, is needed, however. The strengthening of debt management practices now under way will reinforce debt sustainability. Restrained monetary policy has brought down inflationary pressures and supported the rebuilding of reserves, and there is a need for regulatory reforms to address vulnerabilities in the banking system. A comprehensive review of foreign exchange regulations would provide a firm guide to increase the attractiveness of Bangladesh to foreign direct investment (FDI) and portfolio investment flows.

Subject: Banking, Commercial banks, Credit, External debt, Financial institutions, Money, Public and publicly-guaranteed external debt, Public debt

Keywords: Commercial banks, CR, Credit, ECF arrangement, Equivalent to SDR, Fiscal policy, Global, ISCR, Preliminary data, Public and publicly-guaranteed external debt, South Asia, Staff appraisal, Supplementary duty, Weaker-than-expected tax revenue

Publication Details

Pages:

82
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/157
Stock No:

1BGDEA2013004
ISBN:

9781484396544
ISSN:

1934-7685

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