Following his comments, Governor Mustaqur Rahman directed Lieutenant Governor Kabir Ahmed to submit a written response on the matter. “The local representative of the IMF has asked the current government’s position on the reforms. We will inform him in writing,” Bangladesh Bank assistant spokesperson Mohammad Shahryar Siddiqui told Prothom Alo. It is noteworthy that the […]
Maxim Kryshko, the local representative of the International Monetary Fund (IMF) in Bangladesh, on Thursday reaffirmed the organization’s commitment to maintaining full cooperation with the country. He made this commitment during a courtesy call on the Governor of Bangladesh Bank (GB) at the central bank headquarters today, Thursday. Bangladesh Bank Deputy Governor MD Habibur Rahman […]
On fiscal policy, the IMF urged authorities to pursue ambitious tax reforms, simplify the tax system, and strengthen tax administration and compliance. The Directors also underlined the importance of rationalizing subsidies, prioritizing growth-enhancing investments, improving public financial and investment management, and strengthening social safety nets to promote inclusive growth. Improving the financial viability of energy […]
An IMF spokesman in Washington said on Monday, “We look forward to working closely with President Dissanayake … to build on the hard-earned achievements that have put Sri Lanka on the path to economic recovery.” “I have helped.” “We will discuss with the new administration the timing of the third review of the IMF-supported program […]
Commenting on there being nothing new in the proposed budget, Salehuddin Ahmed said, “The budget has been presented in challenging times. But I don't see anything new in it. The figures from the previous budget have just been shuffled around. It is being said that the budget is contractionary, but if you look at the […]
The budget is not about speeches. It is a statement on medium-term macroeconomic policy. This statement is one of the many documents related to the budget. It mentions various challenges faced by the economy, such as a strict monetary and expenditure contractionary policy is being followed, in the hope that this will reduce inflation in […]
The central bank had in June asked four state-run banks to bring down default loans to within 12 per cent as part of their loan conditions from the International Monetary Fund (IMF). The banks are – Sonali Bank, Agrani Bank, Janata Bank and Rupali Bank. However, none of the banks have been able to bring […]
Earlier, IMF Executive Director Krishnamurthy V Subramanian held a meeting with Finance Minister Abul Hassan Mahmud Ali at the Secretariat on May 26. After the meeting, the minister quoted the IMF official as saying that Bangladesh is now on track and the third tranche will be disbursed by June. Earlier, Chris Papageorgiou, head of the […]
prothom hello , We see that the value of the dollar is increasing. Now the government has used the crawling peg system to devalue the taka. Many people say that this should have been done earlier. What do you say? Can this creeping peg measure make any difference now? Zahid Hussain There are questions about […]
Calculations have shown that if a country takes a $1 billion loan from China, it will have to pay an average of $100 million of principal per year for the next 10 years, excluding the grace period, while the World Bank says This is $33.3 million annually. , Talking about this, Zahid Hussain, former chief […]
As updated by the Finance Ministry, lenders provided a total of US$ 1.77 billion in FY 2022-23. The highest amount received as budget support was US$ 2.6 billion in FY 2021-22, up from US$ 1.09 billion in the previous fiscal year and US$ 1 billion in FY 2019-20. In the last fiscal year, Bangladesh has […]