{
  "title": "Bangladesh: 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Bangladesh",
  "publication": "IMF Staff Country Reports, September 18, 2019",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2019/09/17/bangladesh-2019-article-iv-consultation-press-release-staff-report-and-statement-by-the-48682",
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  "summary": "This 2019 Article IV Consultation with Bangladesh highlights that economic growth in Bangladesh continues to be strong with stable inflation.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- Economic growth in Bangladesh continues to be strong with stable inflation.\n- Sustained growth in the ready-made garment sector with abundant low-cost labor has helped the economy to diversify away from the agricultural sector to a more manufacturing-based economy.\n- Remittance inflows from Bangladeshis overseas continue to play an important role in promoting private consumption and external stability.\n- While the economy still has significant potential with favorable demographics, to ensure sustainability and resilience of growth, the country needs to keep upgrading its macroeconomic policy framework and advance a range of structural measures."
    },
    {
      "heading": "Macroeconomic findings",
      "content": "- Growth: economic growth remains strong.\n- Inflation: inflation described as stable; Bangladesh Bank should monitor inflation developments closely and stand ready to adjust its stance as needed.\n- External sector: remittance inflows support private consumption and external stability.\n- Structural transformation: diversification from agriculture toward manufacturing (ready-made garment sector) driven by abundant low-cost labor."
    },
    {
      "heading": "Policy recommendations and reforms",
      "content": "- Monetary policy: Bangladesh Bank should monitor inflation developments closely and stand ready to adjust its stance as needed.\n- Exchange rate: a gradual increase in exchange rate flexibility would help buffer the economy against external shocks and preserve the level of reserves.\n- Public financial management and governance: continuous improvements in public financial management and frameworks to limit vulnerability to corruption will help the authorities’ goal to reach upper middle-income country status.\n- Structural measures: advance a range of structural measures to ensure sustainability and resilience of growth."
    },
    {
      "heading": "Subject areas and keywords",
      "content": "- Subject: Commercial banks, External debt, Financial institutions, Loans, Nonperforming loans, Public debt\n- Keywords: Asia and Pacific, authority, Commercial banks, counter-terrorism financing system, CR, debt, Global, government entity, increase FDI flow, inflation development, ISCR, Loans, narrowing current account deficit, Nonperforming loans\n\n---\n\n Content in this bundle\n\n- 1bgdea2019001\n  - 1bgdea2019001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1bgdea2019001 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: September 18, 2019",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513514239.002",
    "Economic growth in Bangladesh continues to be strong with stable inflation.",
    "Sustained growth in the ready-made garment sector with abundant low-cost labor has helped the economy to diversify away from the agricultural sector to a more manufacturing-based economy.",
    "Remittance inflows from Bangladeshis overseas continue to play an important role in promoting private consumption and external stability.",
    "While the economy still has significant potential with favorable demographics, to ensure sustainability and resilience of growth, the country needs to keep upgrading its macroeconomic policy framework and advance a range of structural measures.",
    "Growth: economic growth remains strong.",
    "Inflation: inflation described as stable; Bangladesh Bank should monitor inflation developments closely and stand ready to adjust its stance as needed.",
    "External sector: remittance inflows support private consumption and external stability.",
    "Structural transformation: diversification from agriculture toward manufacturing (ready-made garment sector) driven by abundant low-cost labor.",
    "Monetary policy: Bangladesh Bank should monitor inflation developments closely and stand ready to adjust its stance as needed.",
    "Exchange rate: a gradual increase in exchange rate flexibility would help buffer the economy against external shocks and preserve the level of reserves.",
    "Public financial management and governance: continuous improvements in public financial management and frameworks to limit vulnerability to corruption will help the authorities’ goal to reach upper middle-income country status.",
    "Structural measures: advance a range of structural measures to ensure sustainability and resilience of growth.",
    "Subject: Commercial banks, External debt, Financial institutions, Loans, Nonperforming loans, Public debt",
    "Keywords: Asia and Pacific, authority, Commercial banks, counter-terrorism financing system, CR, debt, Global, government entity, increase FDI flow, inflation development, ISCR, Loans, narrowing current account deficit, Nonperforming loans",
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