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Bangladesh: Fifth Review Under the Three–Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria, Extension of the Arrangement, and Rephasing—Staff Report; Staff Statement; Press Release; and Statement by the Executive Director for Bangladesh on the Executive Board Discussion
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2006: Issue 406
Language:
English
Publication Date:
15 Nov 2006
DOI:
https://doi.org/10.5089/9781451804218.002
ISBN:
9781451804218
ISSN:
1934-7685
Pages:
78
Keywords:
ISCR; CR; PRGF arrangement; growth; revenue mobilization effort; remittance receipt; growth momentum; PRGF loan; oil price shock; GDP ratio; Oil prices; International reserves; Price adjustments; Inflation; Credit; Global; South Asia
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Bangladesh is reducing poverty and making headway toward meeting its MDGs. However, political considerations are exerting an increasing influence on economic policy decisions. The overall fiscal balance has been kept below budget and program targets, notwithstanding sizable revenue slippages. Monetary policy has been gradually tightened, and the exchange rate has stabilized in recent months, but further monetary tightening is needed. Quantitative performance criteria for the fifth review were met with the exception of that for revenue collection.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund