The International Monetary Fund (IMF) has praised Bangladesh’s measures, taken by the interim government, to overcome economic challenges due to the recent turbulence and major floods.
“In response to the challenging circumstances, the authorities’ efforts to initiate adjustments, including continued monetary tightening and rationalizing non-priority capital spending are commendable,” IMF Mission Chief for Bangladesh Chris Papageorgiou told BSS.
The IMF mission team led by him visited Dhaka during September 24-30 to discuss recent developments and the authorities’ reform priorities.
Papageorgiou said the timely formation of an interim government helped stabilize the political and security conditions, alongside a gradual return to normalcy in the economy.
BSS
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