IMF Staff Country Reports

Bangladesh: Staff Report for the 2001 Article IV Consultation

Publication Date:

June 7, 2002

Electronic Access:

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Summary:

This 2001 Article IV Consultation highlights that Bangladesh’s economy became progressively more fragile after the mid-1990s owing to a persistent pursuit of expansionary fiscal and monetary policies along with slow progress on needed structural reforms, especially in the banking and state-owned enterprises (SOEs) sectors. Rising credit demands of the government, the SOEs, and the private sector were readily accommodated by monetary policy. These growing domestic imbalances were reflected in pressures in the foreign exchange market and by a marked decline in international reserves.

Series:

Country Report No. 2002/113

Subject:

Banking Commercial banks Exchange restrictions Expenditure External debt Financial institutions Foreign exchange Poverty Poverty reduction