- Copy to clipboard
- Moderator
- #1
- Sep 2, 2024
- 112,647
- 282
- Origin
- Residence
Source
:
https://www.brecorder.com/news/40324773/imf-sees-gradual-return-to-economic-normalcy-in-bangladesh
IMF sees gradual return to economic normalcy in Bangladesh
ReutersSeptember 30, 2024

WASHINGTON: The International Monetary Fund on Monday said Bangladeshâs quick formation of an interim government has helped stabilize the country, and that the countryâs new authorities have helped address the economy even as challenges remain.
The IMF staffâs review, following a Sept. 24-30 staff visit, also backed Bangladesh authoritiesâ efforts to make economic adjustments in the face of those challenges such as slowing economic activity, double-digit inflation and pressure on foreign exchange reserves, the IMF said in a statement.
âThe timely formation of an interim government has helped stabilize political and security conditions, fostering a gradual return to normalcy in the economy,â they wrote.
IMFâs review comes after Nobel laureate Muhammad Yunus took office last month following the ousting of Prime Minister Sheikh Hasina amid deadly protests.
A US delegation also pledged economic support following a visit to the country this month.
IMF officials said they remained committed to supporting Bangladesh and its people, and would work with authorities on their reforms to shore up its economic agenda.
âWe support the authoritiesâ efforts to initiate policy adjustments, including continued monetary tightening and rationalizing non-priority capital spending, in response to these challenging circumstances,â the IMF staff said, adding that declining tax revenues and spending pressures also loom.