The International Monetary Fund (IMF) Has Stated That Bangladesh's Economy Is Heading In The Right Direction, And Inflation Remains Under Control
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The International Monetary Fund (IMF) has commended the various measures taken by the Bangladeshi government to address the financial crisis, affirming that Bangladesh's economy is moving in the right direction. According to Dhaka Times, the IMF has recognized that the country is effectively managing inflation.

IMF Director for the Asia and Pacific Department (APD), Krishna Srinivasan, expressed his views during a press conference on "Economic Outlook for Asia Pacific" as part of the annual meetings of the World Bank Group and IMF. He stated, "I think the economy is on the right track in terms of meeting the objective of the program, getting inflation under control, and addressing macroeconomic challenges given the difficult global environment."

Srinivasan highlighted the steps taken by Bangladesh, including tightening monetary policy to curb inflation and allowing for a more flexible exchange rate. He pointed out that countries in the region, including Bangladesh, have been grappling with global challenges, emphasizing the need for enhanced growth-enhancing reforms.

He suggested that raising government revenue ratios from low levels would enable increased spending on crucial areas such as education and infrastructure while maintaining control over public debt. Furthermore, he stressed the importance of strengthening multilateral and regional cooperation and mitigating the effects of geo-economic fragmentation to secure a positive economic outlook for Asia in the coming years. Key to achieving this, Srinivasan noted, are reforms that reduce non-tariff trade barriers, enhance connectivity, and create more favorable business environments to attract both foreign and domestic investments across the region

15 Oct, 2023 0 290
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