Bangladesh: Staff Report for the 2013 Article IV Consultation and Third Review Under the Extended Credit Facility and Request for Modification of Performance Criteria

December 5, 2013

Preview Citation

Format: Chicago

Bangladesh: Staff Report for the 2013 Article IV Consultation and Third Review Under the Extended Credit Facility and Request for Modification of Performance Criteria, (USA: International Monetary Fund, 2013) accessed November 21, 2024

Summary

This paper discusses Bangladesh’s Third Review Under the Extended Credit Facility and Request for Modification of Performance Criteria. Political uncertainty and nationwide strikes are taking a toll on economic activity, with private investment most affected. Real GDP growth moderated in FY2013 (July 2012–June 2013) to 6 percent (FY2012: 6.2 percent). Recent data on private credit and tax collections suggest economic activity continues to slow. The program remains on track. All performance criteria at end-June 2013 were met, and all structural benchmarks have been completed. The IMF staff recommends completion of the review and modification of the performance criteria for December 2013.

Subject: Commercial banks, Exports, External debt, Financial institutions, International trade, Public and publicly-guaranteed external debt, Public debt

Keywords: Bangladesh economy, Commercial banks, CR, Credit growth, Exports, Food inflation, Garment factory safety condition, Global, ISCR, Minimum wage Board, Public and publicly-guaranteed external debt, Ruling Awami League, South Asia

Publication Details

Pages:

121
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/357
Stock No:

1BGDEA2013005
ISBN:

9781475575439
ISSN:

1934-7685

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