Bangladesh: 2007 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Bangladesh

Author: International Monetary Fund

Volume/Issue: Volume 2007 Issue 234

Publication date: July 2007

ISBN: 9781451804249

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Topics covered in this book

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Banks and Banking , Economics- Macroeconomics , Money and Monetary Policy , Business and Economics - Statistics , Public Policy - Social Services and Welfare , ISCR , CR , government , reform , authority , FY08 , administration reform , budget speech , import tariff regime , April inflation , system reform , Commercial banks , Foreign banks , Credit , Budget planning and preparation , Poverty reduction strategy , Global , South Asia

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Summary

The staff report for the 2007 Article IV Consultation on Bangladesh highlights recent developments and policy discussions. Bangladesh’s growth outlook and external position remain robust, but inflation has picked up. Overall macroeconomic stability has been maintained, but fiscal performance continues to suffer from structural weaknesses. Executive Directors welcomed the planned reforms in the area of public financial management and the adoption by major ministries of the medium-term budget framework. They supported the recent reforms to promote transparency, fair elections, and the prevention of money laundering.