IMF Staff Country Reports

Bangladesh: Fifth Review Under the Three–Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria, Extension of the Arrangement, and Rephasing—Staff Report; Staff Statement; Press Release; and Statement by the Executive Director for Bangladesh on the Executive Board Discussion

November 15, 2006

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Bangladesh: Fifth Review Under the Three–Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria, Extension of the Arrangement, and Rephasing—Staff Report; Staff Statement; Press Release; and Statement by the Executive Director for Bangladesh on the Executive Board Discussion, (USA: International Monetary Fund, 2006) accessed September 18, 2024

Summary

Bangladesh is reducing poverty and making headway toward meeting its MDGs. However, political considerations are exerting an increasing influence on economic policy decisions. The overall fiscal balance has been kept below budget and program targets, notwithstanding sizable revenue slippages. Monetary policy has been gradually tightened, and the exchange rate has stabilized in recent months, but further monetary tightening is needed. Quantitative performance criteria for the fifth review were met with the exception of that for revenue collection.

Subject: Banking, Central banks, Credit, Inflation, International reserves, Money, Oil prices, Price adjustments, Prices

Keywords: CR, Credit, GDP ratio, Global, Growth, Growth momentum, Inflation, International reserves, ISCR, Oil price shock, Oil prices, PRGF arrangement, PRGF loan, Price adjustments, Remittance receipt, Revenue mobilization effort, South Asia

Publication Details

  • Pages:

    78

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2006/406

  • Stock No:

    1BGDEA2006003

  • ISBN:

    9781451804218

  • ISSN:

    1934-7685

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