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International Monetary Fund

This Selected Issues paper on Bangladesh underlies the export performance of readymade garment industry and inflation dynamics. Bangladesh has demonstrated that it is highly competitive in the world’s major garment markets. Inflation inertia, monetary factors, and exchange rate fluctuations are the main determinants of inflation in Bangladesh. Despite adoption of numerous tax policy measures during the past few years, policies implemented by the Bangladesh authorities have not been fully successful in lifting the revenue ratio to a level warranted by developmental objectives.

International Monetary Fund. External Relations Dept.

This paper highlights that in July 1975, an interdepartmental task force, chaired by the Director of the Bank’s Transportation and Urban Projects Department, had been established to develop an “urban poverty action program.” This task force published, in March 1976, an interim report containing tentative conclusions on the dimensions of the problem, and on the possible strategy the Bank might use to deal with urban poverty. The task force estimated that roughly 25 percent of the urban population of developing countries that are members of the Bank—some 150 million people—live in absolute poverty.

International Monetary Fund. External Relations Dept.

The IMF is helping low-income countries hit by high food prices take appropriate policy action while providing financial assistance to some of the worst-affected nations, Managing Director Dominique Strauss-Kahn said.