Bangladesh: Staff Report for the 2005 Article IV Consultation, Third Review Under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criterion, Extension of the Arrangement, and Rephasing

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 241

Publication date: July 2005

ISBN: 9781451979916

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Topics covered in this book

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Banks and Banking , Exports and Imports , Finance , Economics- Macroeconomics , Money and Monetary Policy , Industries - Energy , ISCR , CR , PRGF arrangement , exchange market pressure , PRGF loan , budget , exchange market condition , reform effort , Energy sector , Currency markets , International reserves , Credit , Imports , Global

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Republic of Congo : 2001 Article IV

Summary

This 2005 Article IV Consultation highlights that since the last Article IV Consultation, Bangladesh’s economy has continued to expand, supported by a stable macroeconomic environment and progress in implementing structural reforms, broadly in line with the recommendations made by the IMF Executive Board. Good progress has been made in strengthening the banking system. Bangladesh Bank has raised minimum capital requirements, taken steps to reduce insider lending, and improved the institutional framework for the prudential supervision of the financial system.