Bangladesh's foreign exchange reserves is falling due to meeting import demand of essential goods and a downward trend in remittance-export incomes, the latest data of Bangladesh Bank revealed. After paying $1.35 billion to Asian Clearing Union (ACU) as an import bill for September-October, and $131 million spent to meet LC
Tag: IMF
IMF for capacity building of capital market in Bangladesh
Visiting delegation of the International Monetary Fund (IMF) in a meeting on Monday suggested capacity building of the Bangladesh Securities and Exchange Commission (BSEC) to act in a way so that people from various backgrounds are included in the market. BSEC's executive director and spokesperson Razaul Karim told UNB that
TIB concerned over impact of IMF loan conditions
Transparency International Bangladesh (TIB) has expressed concern over ‘potential discriminatory implications’ of some of the conditions on which the International Monetary Fund (IMF) is proposing its $4.5 billion loan to Bangladesh.TIB has also called upon the lender to be consistent with its own policy against corruption and money laundering.In a
IMF for updating GDP report every 3 months
International Monetary Fund (IMF) has advised updating gross domestic product (GDP) information every 3 months, as per international standard.The visiting IMF delegation had a meeting with Bangladesh Bureau of Statistics (BBS) on Tuesday. The IMF team also trained BBS officials on utilizing some tools for calculating GDP. The IMF team was
Developing countries need monetary financing
Developing countries have long been told to avoid borrowing from central banks (CBs) to finance government spending. Many have even legislated against CB financing of fiscal expenditure. Central bank fiscal financing Such laws are supposedly needed to curb inflation – below 5%, if not 2% – to accelerate growth. These arrangements have
IMF team to discuss capital market with BSEC Nov 7
The International Monetary Fund (IMF) will sit in a meeting with the Bangladesh Securities and Exchange Commission (BSEC) on November 7 to discuss issues including the current status of the capital market and the imposition of floor prices. Bond market development, risk management and control, compliance infrastructure and enforcement measures in
BB to go slow in following IMF to calculate forex reserves
The Bangladesh Bank has recently agreed to calculate foreign exchange reserves following the international standard as advised by the International Monetary Fund (IMF), but the process will be slow considering it as a national sensitive issue, an official said on Sunday. As per IMF suggestions, the central bank must follow the
IMF team begins talks with BB on $4.5 loan
Negotiators from the International Monetary Fund, now in Dhaka to discuss a $4.5 billion loan to Bangladesh, sat with Bangladesh Bank officials on the second day of their visit Thursday. The central bank governor Abdur Rouf Talukder opened the talks at 9:30 am at Bangladesh Bhaban. Deputy Governors Kazi Sayedur Rahman
IMF’s $4.5b loan unlikely before January
The US$4.5 billion loan Bangladesh is seeking from the International Monetary Fund (IMF) is unlikely to arrive before January next year, according to officials familiar with the negotiations. An IMF team is due to arrive in Dhaka on Wednesday to start formal talks on the terms of the loan Bangladesh
Take cover, warns IMF, because it’s going to get bad
Another day, another barrage of bleakness at the World Bank-International Monetary Fund annual meetings. Sadly, it’s not unfounded. Economists, central bankers, and government officials paint a grim picture of what’s expected in the coming year. We’re on the ground and will bring you the gory details. Also in today’s edition: Larry