Bangladesh: Second Reviews Under the Extended Credit Facility Arrangement and the Arrangement Under the Extended Fund Facility, and Requests for Rephasing of Access, a Waiver of Nonobservance of a Performance Criterion, and Modifications of a Performa

Second Reviews Under the Extended Credit Facility Arrangement and the Arrangement Under the Extended Fund Facility, and Requests for Rephasing of Access, a Waiver of Nonobservance of a Performance Criterion, and Modifications of a Performance Criterion, and Second Review Under the Resilience and Sustainability Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director

Author: International Monetary Fund. Asia and Pacific Dept

Bangladesh—Second Reviews Under the Extended Credit Facility Arrangement and the Arrangement Under the Extended Fund Facility, and Requests for Rephasing of Access, a Waiver of Nonobservance of a Performance Criterion, and Modifications of a Performance Criterion

Volume/Issue: Volume 2024 Issue 186

Publication date: June 2024

ISBN: 9798400281433

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Topics covered in this book

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Exports and Imports , Public Finance , Environmental Economics , International reserves , Commercial banks , Exchange rate arrangements , Exchange rates , Climate change , Exchange rate flexibility , Climate finance

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Summary

The Bangladesh economy continues to face multiple challenges. Persistently high international commodity and food prices and global uncertainties have amplified macroeconomic vulnerabilities. A sudden reversal of the financial account intensified pressures on foreign exchange reserves and the exchange rate, calling for a reinvigoration of the reform momentum.