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Bangladesh: Fifth and Sixth Reviews Under the Extended Credit Facility Arrangement-Press Release and Staff Report
Author:
International Monetary Fund. Asia and Pacific Dept
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2015: Issue 304
Language:
English
Publication Date:
10 Nov 2015
DOI:
https://doi.org/10.5089/9781513512525.002
ISBN:
9781513512525
ISSN:
1934-7685
Pages:
67
Keywords:
ISCR; CR; ECF arrangement; debt; upside inflation risk; prudent fiscal policy; support from the Extended Credit Facility; social spending; Commercial banks; Debt sustainability analysis; Credit; State-owned banks; Global
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This paper discusses Bangladesh’s Fifth and Sixth Reviews Under the Extended Credit Facility Arrangement. The current ECF arrangement, approved in April 2012, is drawing to a close. Over its three years, macroeconomic stability has been buttressed: growth is strong, inflation has eased, the public debt-to-GDP ratio has remained stable, and foreign reserves remain adequate. Progress on revenue mobilization, however, has been weak. Political uncertainty remains a key risk to the outlook. All performance criteria for the combined reviews have been met, all prior actions have been completed, and macroeconomic stability has been maintained. The IMF staff recommends completion of the combined reviews.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2015: Issue 304