Bangladesh : First Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for Waiver of Nonobservance of a Performance Criterion—Staff Report, Staff Statements and Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Bangladesh.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Asia and Pacific Department.

Contributor:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2013/061

IMF Staff Country Reports

Language:

English

Subjects (All):

Credit--Bangladesh.

Credit.

Bangladesh--Economic conditions.

Bangladesh.

Physical Description:

1 online resource (98 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2013.

Language Note:

English

Summary:

Fiscal performance has been broadly in line with program targets. As a result, the current account deficit has narrowed, reserves have increased significantly, and headline inflation is under control. However, implementation of structural benchmarks has lagged, necessitating sharper focus and greater ownership by the authorities. The global economic slowdown coupled with election-year uncertainty in Bangladesh poses the most immediate challenge to policymakers. The balance of risks is to the downside in the near term, potentially putting pressure on growth and inflation and undermining financial stability.

Contents:

Cover; CONTENTS; RECENT DEVELOPMENTS AND PROGRAM PERFORMANCE; MACROECONOMIC OUTLOOK AND RISKS; BOXES; 1. Risk Assessment Matrix; TEXT FIGURE; 1. Vulnerability to Near-Term External Shocks; POLICY DISCUSSIONS AND COMMITMENTS; A. Fiscal Policy and Debt Management: Securing Fiscal Space; 2. New Value Added Tax Law; 3. Cash and Debt Management Reforms; B. Monetary and Exchange Rate Policy: Further Strengthening Buffers; C. Financial Sector Reforms: Bolstering Stability; 4. Toward Reforming the Primary Dealer System; 5. Recent Financial Performance at the State-Owned Commercial Banks

D. Investment Climate: Easing ControlsOTHER PROGRAM ISSUES; STAFF APPRAISAL; FIGURES; 1. Response to External Pressures; 2. Real and External Sector Developments; 3. Exports and Remittances Performance; 4. Fiscal Developments; 5. Monetary and Financial Market Developments; TABLES; 1. Selected Economic Indicators, FY2010-15; 2. Medium-Term Outlook, FY2010-17; 3. Balance of Payments, FY2010-17; 4. Central Government Operations, FY2010-16; 5. Central Government Operations, GFSM 2001 Classification, FY2009-13; 6. Monetary Accounts, December 2011-December 2013

7. Financial Soundness Indicators, 2006-128. External Financing Requirements and Sources, FY2010-17; 9. Indicators of the Capacity to Repay the IMF, FY2011-25; 10. Proposed Schedule of Disbursements and Timing of ECF Arrangement Reviews; 11. Millennium Development Goals, 1990-2015; APPENDIX; I. Letter of Intent; Attachment 1. Memorandum of Economic and Financial Policies; Attachment 2. Technical Memorandum of Understanding

Notes:

Description based upon print version of record.

Includes bibliographical references.

Description based on print version record.

ISBN:

9781475519464

147551946X

9781475599756

1475599757

9781299461802

1299461808

9781475577181

1475577184