Bangladesh: First Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for Waiver of Nonobservance of a Performance Criterion—Staff Report, Staff Statements and Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Bangladesh

International Monetary Fund

No 2013/061, IMF Staff Country Reports from International Monetary Fund

Abstract: Fiscal performance has been broadly in line with program targets. As a result, the current account deficit has narrowed, reserves have increased significantly, and headline inflation is under control. However, implementation of structural benchmarks has lagged, necessitating sharper focus and greater ownership by the authorities. The global economic slowdown coupled with election-year uncertainty in Bangladesh poses the most immediate challenge to policymakers. The balance of risks is to the downside in the near term, potentially putting pressure on growth and inflation and undermining financial stability.

Keywords: ISCR; CR; IMF-World Bank debt Sustainability update; guarantee; staff statement; ECF arrangement; staff appraisal; equivalent to SDR; Government debt management; Commercial banks; Value-added tax; Credit; Loans; Global (search for similar items in EconPapers)
Pages: 96
Date: 2013-03-11
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