Bangladesh: Request for a Three-Year Arrangement Under the Extended Credit Facility
April 16, 2012
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The government of the People’s Republic of Bangladesh has requested a three-year Extended Credit Facility (ECF) arrangement with access of 120 percent of quota in support of their reform program. It aims to restore macroeconomic stability, strengthen the external position, and engender higher, more inclusive growth. Under the ECF-supported program, the main components are upfront macro-tightening measures buttressed by greater exchange and interest rate flexibility.
Subject: Banking, Commercial banks, Credit, Financial institutions, Foreign exchange, Imports, International trade, Money, Revenue administration
Keywords: asset, budget performance, Commercial banks, CR, Credit, ECF arrangement, Global, Imports, ISCR, preliminary data, staff appraisal, tariff increase
Pages:
83
Volume:
2012
DOI:
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Issue:
094
Series:
Country Report No. 2012/094
Stock No:
1BGDEA2012001
ISBN:
9781475503074
ISSN:
1934-7685
