Bangladesh: Request for a Three-Year Arrangement Under the Extended Credit Facility
IMF Staff Country Reports, April 16, 2012
Source details
- Canonical URL
- Bangladesh: Request for a Three-Year Arrangement Under the Extended Credit Facility
Other formats
Bibliographic details
- Published: April 16, 2012
- Series: IMF Staff Country Reports
Request summary
- The government of the People’s Republic of Bangladesh has requested a three-year Extended Credit Facility (ECF) arrangement.
- Requested access: 120 percent of quota.
- Purpose: support of their reform program.
Program objectives
- Restore macroeconomic stability.
- Strengthen the external position.
- Engender higher, more inclusive growth.
Main components of the ECF-supported program
- Upfront macro-tightening measures.
- Greater exchange rate flexibility.
- Greater interest rate flexibility.
Subject areas and keywords
- 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.