IMF flags potential exodus of funds from Bangladesh
Bangladesh might have experienced capital flight in the last financial year evidenced from the unusual outflow of funds as well as unrealised export proceeds, said the International Monetary Fund (IMF).
26 December 2023
Inflation shock: A weaker taka accounts for half of it
The pass-through of a sharp depreciation of the local currency accounted for half of the inflation surge seen in Bangladesh in the last financial year, according to the International Monetary Fund (IMF)
25 December 2023
Revenue receipts tick up but fall short of target
The revenue collection growth rose slightly in the July-November period of the current financial year on the back of higher income and value-added taxes
22 December 2023
Debt burden gets heavier as Bangladesh runs low on capacity to repay
Bangladesh’s debt service to revenue ratio to cross the 100 percent mark for the first time owing to rising loans, lower tax and export receipts
21 December 2023
IMF charts ways to discipline money market, boost revenue
IMF has set six new benchmark conditions for Bangladesh to restore discipline in the money market and boost revenue generation.
18 December 2023
50 tasks in 3 years to stabilise economy
The government has pledged to take more than 50 reform measures in three years under the International Monetary Fund’s loan programme to rebuild foreign currency reserves and contain inflation
17 December 2023
IMF lowers forex reserves target for Bangladesh
The International Monetary Fund has set a new minimum foreign exchange reserves target for Bangladesh as the reserves have dropped at a faster-than-expected pace.
15 December 2023
No waiver needed for govt for 2nd IMF loan tranche
The IMF executive board may approve the waiver if it is satisfied that its programme will still succeed
15 December 2023
IMF injected cash into Bangladesh, Sri Lanka. Are the two economies diverging?
Bangladesh and Sri Lanka have received loan payouts from IMF, strengthening their buffers against risks to foreign exchange reserves
14 December 2023
Reserves can hit $24.3b this fiscal year
Bangladesh’s gross foreign reserves can top up to $24.3 billion by the end of the fiscal year if greater exchange rate flexibility is allowed and a tighter monetary policy is pursued, the IMF said.
13 December 2023
A $12 billion question hangs over export data mismatch
In 2022-23, the mismatch between the actual realisation reported by BB and EPB shipment figure was $12.08 billion, the highest in at least eight years
12 December 2023
Bangladesh must let forex and interest rates move freely
a flexible, market-determined exchange rate to contain volatility in the foreign exchange market and restore stability to the economy
10 December 2023
Fighting Climate Change: Bangladesh to get $400m loan from ADB
Asian Development Bank has approved a $400 million loan for Bangladesh to help fight climate change challenges.
8 December 2023
Low revenue forces govt to scale back spending
government plans to cut the size of the budget for the ongoing fiscal year and keep it slimmer in the next fiscal year
8 December 2023
Reserves remain under pressure
Pressure on the foreign exchange reserves remains high as the deficit in the financial account continues to widen despite the narrowing trade gap and a current account surplus.
6 December 2023
Govt likely to retreat from its quest for higher growth
government is likely to lower its economic growth target by one percentage point for the fiscal year ending in June
6 December 2023
Over $1bn in loans expected next week
Bangladesh is expected to receive more than $1 billion in budget support from the Asian Development Bank (ADB) and the International Monetary Fund (IMF) next week, which could bring some relief to the nation’s dwindling foreign currency reserves.
4 December 2023
Inflation fell slightly last month
Inflation decelerated by 44 basis points to 9.49 percent in November led by a decline in both food and non-food prices.
4 December 2023
2nd parcel of IMF loans: All eyes on Dec 12 meeting
Bangladesh's proposal to get the second tranche of the International Monetary Fund's $4.7 billion loan has been placed for approval at the multilateral lender's board meeting slated for next week.
4 December 2023
Lenders join hands over $8b climate fund for Bangladesh
In a first in Asia, development partners have come together to announce an $8 billion fund to help Bangladesh mitigate and adapt to the effects of climate change.
3 December 2023