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 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
Pages:
78
Volume:
2006
DOI:
Issue:
406
Series:
Country Report No. 2006/406
Stock No:
1BGDEA2006003
ISBN:
9781451804218
ISSN:
1934-7685
