Bangladesh: Fourth Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for Modification of Performance Criteria
June 2, 2014
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This paper discusses Bangladesh’s Fourth Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for Modification of Performance Criteria (PC). All PCs at end-December 2013 (the test date for the fourth review) were met, and all structural benchmarks have been completed. Fiscal and monetary policies are set to retain a prudent stance to safeguard macroeconomic stability. Based on strong program performance to date and the policy framework going forward, the IMF staff recommends completion of the review, as well as modification of PCs for end-June 2014 on account of reserve over-performance.
Subject: Banking, Commercial banks, Credit, External debt, Financial institutions, Money, Public debt, State-owned banks
Keywords: cashflow forecast, Commercial banks, CR, creating flow, Credit, debt, dollar, executive board's decision, GDP, Global, ISCR, PPG debt, service-to-revenue ratio, State-owned banks, upside, upside risk
Pages:
76
Volume:
2014
DOI:
Issue:
149
Series:
Country Report No. 2014/149
Stock No:
1BGDEA2014001
ISBN:
9781498387965
ISSN:
1934-7685
