Bangladesh: Fifth and Sixth Reviews Under the Extended Credit Facility Arrangement-Press Release and Staff Report

November 10, 2015

Preview Citation

Format: Chicago

Bangladesh: Fifth and Sixth Reviews Under the Extended Credit Facility Arrangement-Press Release and Staff Report, (USA: International Monetary Fund, 2015) accessed November 23, 2024

Summary

This paper discusses Bangladesh’s Fifth and Sixth Reviews Under the Extended Credit Facility Arrangement. The current ECF arrangement, approved in April 2012, is drawing to a close. Over its three years, macroeconomic stability has been buttressed: growth is strong, inflation has eased, the public debt-to-GDP ratio has remained stable, and foreign reserves remain adequate. Progress on revenue mobilization, however, has been weak. Political uncertainty remains a key risk to the outlook. All performance criteria for the combined reviews have been met, all prior actions have been completed, and macroeconomic stability has been maintained. The IMF staff recommends completion of the combined reviews.

Subject: Banking, Commercial banks, Credit, Debt sustainability analysis, External debt, Financial institutions, Money, Public debt, State-owned banks

Keywords: Commercial banks, CR, Credit, Debt, Debt sustainability analysis, ECF arrangement, Global, ISCR, Prudent fiscal policy, Social spending, State-owned banks, Support from the Extended Credit Facility, Upside inflation risk

Publication Details

Pages:

67
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/304
Stock No:

1BGDEA2015001
ISBN:

9781513512525
ISSN:

1934-7685

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