GLOBAL

IMF satisfied with financial reform initiatives of Bangladesh


The International Monetary Fund (IMF) has said that it is satisfied with the basic financial reform initiatives taken by the government of Bangladesh and its central bank to offset the current situation in the country. The visiting IMF Deputy Managing Director (DMD) Monsio Sayeh held a meeting with Finance Minister AHM Mustafa Kamal in Dhaka on Sunday.

A press release of the Ministry of Finance said that the IMF DMD and the Bangladesh Finance Minister discussed details of the recent trend of the global economy along with the current economic situation of Bangladesh. They also discussed the possible steps in the wake of global high inflationary trend, increase in interest rate and Russia-Ukraine crisis. IMF DMD stressed upon the need to continue with the basic reform initiatives taken by the government.

Finance Minister AHM Mustafa Kamal expressed satisfaction that the IMF has agreed to provide Bangladesh a loan of USD 4.5 billion and support for the proposed financial reform initiatives of the government. In his meeting with IMF DMD Monsio Sayeh, Finance Minister said that Bangladesh requires a sufficient supply of internal and external resources to attain its various development goals for which it has sought support from its development partners.

The government of Bangladesh has reached in-principle agreement on the loan of USD 4.5 billion with the IMF. Bangladesh has already implemented some conditions of the IMF and sought time to implement others to avail of the loan.

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