In view of the continuous decline in reserves, the government has taken a loan of US$4.7 billion (US$470 crore) from the International Monetary Fund (IMF). Bangladesh has so far received two installments of the loan. It is expected to get two more installments in the new year. The government will have to make reforms to avail the benefits of these loan installments. This includes curbing various tax cuts, adjusting fuel prices, reducing subsidies, reducing default loans, regularly publishing distressed assets of state-owned banks, formulating a plan to supervise the banking sector, Involves determining the policy interest rate structure, reducing financial risks. State owned institutions, etc.
Economists believe that improvements are needed in many other areas as well. This includes controlling government borrowing, improving the quality of government expenditure, abandoning unnecessary projects, ensuring transparency in the stock market, etc. The list of tasks is long. Over the last 15 years an opportunistic gang has emerged. They are now politically powerful. Implementing reforms under these circumstances will be another challenge.