Bangladesh: Third and Fourth Reviews Under the Extended Credit Facility Arrangement and the Arrangement Under Extended Fund Facility, Requests for Extension of the Arrangements, Augmentation and Rephasing of Access, Modification of Performance Criteria, Waiver of Nonobservance of Performance Criterion, and Third and Fourth Reviews Under the Resilience and Sustainability Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Bangladesh

International Monetary Fund

No 2025/150, IMF Staff Country Reports from International Monetary Fund

Abstract: The summer 2024 uprising has significantly disrupted the IMF-supported program, necessitating a recalibration. Massive protests led to the ousting of the previous government, the formation of an interim cabinet, and the replacement of Bangladesh Bank’s Governor. While some stability has returned, political tensions, especially around the timing of the upcoming elections, persist. Amid rising trade barriers and heightened global uncertainties, the economic outlook has worsened, with an emerging financing gap and increasing stress in the banking sector. Against this backdrop, the authorities have requested augmentation of access and extension of the Fund-supported program.

Keywords: VAT measure; Sustainability facility arrangement; exchange rate reform; forex dealer; EFF arrangement; Commercial banks; Financial sector stability; Exchange rates; Global (search for similar items in EconPapers)
Pages: 156
Date: 2025-06-26
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