IMF Staff Concludes Visit to Bangladesh
IMF News, May 7, 2023
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- IMF Staff Concludes Visit to Bangladesh
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Bibliographic details
- Published: May 7, 2023
Mission overview
- Press Release No. 23/137
- Mission Chief: Mr. Rahul Anand
- Location and dates: Dhaka, Bangladesh; staff visit from April 25 to May 7, 2023
- Purpose: to discuss recent macroeconomic developments and implementation of the Fund-supported program
- Note: End-of-Mission press releases convey preliminary findings after a visit to a country; views expressed are those of IMF staff and do not necessarily represent the views of the IMF’s Executive Board. This mission will not result in a Board discussion.
Key findings from the staff visit
- Bangladesh remains one of the fastest growing economies in the Asia-Pacific region.
- The economy faces:
- persistent inflationary pressures,
- elevated volatility of global financial conditions,
- slowdown in major advanced trading partners.
- These factors continue to weigh on:
- growth,
- foreign currency reserves,
- the Taka.
Program implementation and next steps
- The team took stock of progress toward meeting key commitments under the Fund-supported program.
- Formal assessment will occur in the first review of the Extended Credit Facility (ECF) / Extended Fund Facility (EFF) / Resilience and Sustainability Facility (RSF) arrangements, which is expected to be undertaken later this year.
Engagements and stakeholders met
- Meetings held with:
- Bangladesh Bank Governor Mr. Abdur Rouf Talukder,
- Finance Secretary Ms. Fatima Yasmin,
- other senior government and Bangladesh Bank officials,
- representatives from the private sector, bilateral donors, and development partners.
Communications and contact
- IMF Communications Department — MEDIA RELATIONS
- PRESS OFFICER: Huong Lan Vu
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
- IMF social handle: @IMFSpokesperson
Closing remarks from Mission Chief
- “We would like to thank the authorities for candid discussions and their warm hospitality. We look forward to continuing our engagement in support of Bangladesh and its people.”
IMF Staff Concludes Visit to Bangladesh — Press Release No. 23/137