Bangladesh: Staff Report for the 2001 Article IV Consultation

International Monetary Fund

No 2002/113, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2001 Article IV Consultation highlights that Bangladesh’s economy became progressively more fragile after the mid-1990s owing to a persistent pursuit of expansionary fiscal and monetary policies along with slow progress on needed structural reforms, especially in the banking and state-owned enterprises (SOEs) sectors. Rising credit demands of the government, the SOEs, and the private sector were readily accommodated by monetary policy. These growing domestic imbalances were reflected in pressures in the foreign exchange market and by a marked decline in international reserves.

Keywords: ISCR; CR; government; deficit; cash budget deficit; transaction; banking system credit; interbank money market rate; cash expenditure; expansionary fiscal policy; Poverty reduction; Commercial banks; Exchange restrictions; Global (search for similar items in EconPapers)
Pages: 62
Date: 2002-06-07
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