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
Tag: IMF
IMF team due this week to discuss Dhaka’s loan request
A delegation from International Monetary Fund (IMF) will arrive here this week to start negotiations on Bangladesh's request for a US $4.5 billion loan as budgetary support, official sources said on Sunday. The team from the Washington-based lending agency is likely to be led by Rahul Anand, chief of IMF Asia
IMF chief urges aggressive fight against inflation
Warning that inflation threatens to become “a runaway train,” the managing director of the International Monetary Fund urged policymakers to keep up the fight against rising prices even it means more pain at a time of extraordinary economic turmoil. Speaking to reporters Thursday, the IMF’s Kristaline Georgieva said that the world
IMF cuts growth projections for world in 2023
Two principal economists painted very different pictures Thursday of what the global economy will look like in the coming years. Kristalina Georgieva, managing director of the International Monetary Fund, told an audience at Georgetown University on Thursday that the IMF is once again lowering its projections for global economic growth in
Inflation phobia hastens recessions, debt crises
Inflation phobia among central banks (CBs) is dragging economies into recession and debt crises. Their dogmatic beliefs prevent them from doing right. Instead, they take their cues from Washington: the US Fed, Treasury and Bretton Woods institutions (BWIs). Costly recessions Both BWIs – the International Monetary Fund (IMF) and World Bank –
Sri Lanka hopes to reach initial agreement with IMF for help
Sri Lanka's central bank chief said Thursday he hopes the government can reach a preliminary agreement that could lead to a bailout package with the International Monetary Fund when its officials visit the crisis-hit island nation later this month. The Indian Ocean country is effectively bankrupt and its economic crisis set
Kamal admits seeking IMF loan
Finance Finance Minister AHM Mustafa Kamal, admitting that Bangladesh requested for a loan from International Monetary Fund (IMF), said it does not mean the country's economy is in bad shape."But I had to make my previous statement looking into the perspective. I didn't want to expose our demands", he told
IMF raises growth projection to 6.6pc
The International Monetary Fund (IMF) has enhanced the economic growth projection for Bangladesh to 6.6 percent in the current fiscal year (FY22) from its earlier projection of 6.5 percent made in October. "Growth is expected to pick up to 6.6 percent in FY22 as the impact of Covid-19 abates and policies
IMF wants Bangladesh to continue reforms
The International Monetary Fund (IMF) has emphasised continuing reforms to make Bangladesh's economy more resilient and resuming progress towards the authorities' ambition of reaching upper middle-income status. "In the past decade, Bangladesh achieved impressive economic growth and social development, making steady progress in reducing poverty and across many indicators of the
RMG Sector: IMF keen to work closely with Bangladesh
Resident Representative (Asia and Pacific Department) of International Monetary Fund (IMF) Jayendu De has expressed the willingness of IMF to support the development activities in the apparel sector of Bangladesh. The international financial institution is also interested to work closely for the betterment of the RMG industry, said the Bangladesh Garment