Bangladesh Resident Representative Site
Resident Representative Office in Bangladesh
This web page presents information about the work of the IMF in Bangladesh, including the activities of the IMF Resident Representative Office. Additional information can be found on the Bangladesh and IMF country page, including IMF reports and Executive Board documents that deal with Bangladesh.
At a Glance : Bangladesh's Relations with the IMF
- Current IMF membership: 188 countries
- Bangladesh Joined on August 17, 1972; accepted the obligations under Article VIII, Sections 2, 3, and 4 on April 11, 1994.
- Quota: SDR 533.30 million
- Outstanding loans: ECF Arrangements SDR 526 million (as of June 2014).
- The last Article IV Executive Board Consultation was on November 27, 2013 (Country Report 13/357)
- Selected Macroeconomic Indicators for Bangladesh; Updated in July, 2014
IMF-JICA High-Level Conference on Economic Transformation and Inclusive Growth in Frontier Asia
The International Monetary Fund (IMF) and the Japan International Cooperation Agency (JICA) held a conference on January 28, 2013, in Bangkok, Thailand, to discuss how Frontier Asia can move up the development ladder while ensuring that growth and jobs creation benefits all segments of society.
The conference was addressed by IMF Deputy Managing Director Naoyuki Shinohara, and included ministers, central bank governors and senior officials from Bangladesh, Bhutan, Cambodia, Lao PDR, Maldives, Mongolia, Myanmar, Nepal, Timor-Leste, and Vietnam. The Kyrgyz Republic also participated, and Bank of Thailand Governor Prasarn Trairatvorakul offered opening remarks.
Conference website: www.imf.org/frontierasia (includes papers presented).
See also: Conference program and press release.
News — Highlights
Press Release: IMF Concludes 2013 Article IV Mission and Third Review Under the Extended Credit Facility Arrangement with Bangladesh
Bangladesh and the IMF
Statement by the Hon. Abul Maal A. Muhith, Governor of the IMF and the World Bank Group for Bangladesh
October 9, 2014
PDF File Size: 196Kb
Press Release: Statement at the Conclusion of the IMF Mission for the Fifth Review under the Extended Credit Facility (ECF) Arrangement with Bangladesh
Press Release: Statement by IMF Deputy Managing Director Naoyuki Shinohara at the Conclusion of His Visit to Bangladesh
Bangladesh: Fourth Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for Modification of Performance Criteria-Staff Report; Debt Sustainability Analysis Update; and Press Release
June 2, 2014
Series: Country Report No. 14/149
Press Release: IMF Executive Board Completes Fourth Review Under the Extended Credit Facility Arrangement for Bangladesh and Approves US$140.9 Million Disbursement
Regional Economic Outlook Update: Asia and Pacific
Despite a weaker-than-expected first half of the year, the outlook for the Asia and Pacific region remains solid. The ongoing global recovery, while tepid, should support Asia's exports. Meanwhile, favorable financial and labor market conditions, as well as broadly accommodative policies, will continue to underpin domestic demand. GDP is forecast to grow by 5.5 percent for the third consecutive year in 2014, rising slightly to 5.6 percent in 2015. Financial dislocations associated with higher global interest rates, and protracted weak growth in advanced and emerging market economies are the main downside risks to the outlook. A sharper-than-anticipated downturn in China's real estate sector and less-effective-than-envisaged Abenomics in Japan would also adversely affect regional growth prospects. Geopolitical tensions could also disrupt trade and financial flows, with adverse effects on growth. Policymakers in the region should capitalize on the outlook to gradually rebuild policy space and push ahead with structural reforms to deliver sustainable growth. While there is no one-size-fits-all approach, fiscal consolidation should generally continue in a calibrated manner, especially where debt levels are higher, and monetary normalization should proceed particularly where inflation pressures are high or building up.