Bangladesh: First Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for Waiver of Nonobservance of a Performance Criterion—Staff Report, Staff Statements and Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Bangladesh
March 11, 2013
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Fiscal performance has been broadly in line with program targets. As a result, the current account deficit has narrowed, reserves have increased significantly, and headline inflation is under control. However, implementation of structural benchmarks has lagged, necessitating sharper focus and greater ownership by the authorities. The global economic slowdown coupled with election-year uncertainty in Bangladesh poses the most immediate challenge to policymakers. The balance of risks is to the downside in the near term, potentially putting pressure on growth and inflation and undermining financial stability.
Subject: Banking, Commercial banks, Credit, Financial institutions, Government debt management, Loans, Money, Public financial management (PFM), Taxes, Value-added tax
Keywords: Commercial banks, CR, Credit, ECF arrangement, equivalent to SDR, Global, Government debt management, guarantee, IMF-World Bank debt Sustainability update, ISCR, Loans, staff appraisal, staff statement, Value-added tax
Pages:
96
Volume:
2013
DOI:
Issue:
061
Series:
Country Report No. 2013/061
Stock No:
1BGDEA2013001
ISBN:
9781475516395
ISSN:
1934-7685
