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Tuesday, October 7, 2014

IMF ECF Mission Statement

The Statement of IMF Mission for 5th Review under the Extended Credit Facility with Bangladesh hailed Bangladesh's progress in macroeconomic stability. Key points are as follows:
  • Despite a moderation in exports, foreign exchange reserves have continued to increase and have reached adequate levels, inflation has declined, the fiscal deficit is contained and public debt is on a downward path;
  • With a calmer political environment economic activity and strong domestic demand, real GDP growth is expected at about 6.25% in FY2015;
  • However, the introduction of a new VAT, a key government reform to boost fiscal space for development spending, is facing delays.

1 comment:

  1. One wonders: despite serious stagnancy in private investment during the last couple of years, how does IMF see this large growth? Is it a feasible estimation, or is it trying to make the government happy to ensure its interest?