Bangladesh has failed to meet two of the six quantitative targets set for the first half of 2023 by the International Monetary Fund for the $4.7 billion loan, with one of them being a mandatory condition.
Pakistan secured a badly-needed $3 billion short-term financial package from the International Monetary Fund on Friday, giving the South Asian economy a much-awaited respite as it teeters on the brink of default.
The upcoming budget poses significant challenges – arguably the most challenging in recent times – for economic policymaking in Bangladesh.
The budget of Bangladesh has become an orphan and the International Monetary Fund (IMF) is now the foster father of it, said Debapriya Bhattacharya, a distinguished fellow of the Centre for Policy Dialogue (CPD).
Shares its assessment after conducting a staff visit to Dhaka starting April 25
A team of staff of the IMF is now visiting Bangladesh
The formula will be followed from July this year
Financial pressures are adding to strains caused by high interest rates, volatile oil prices and years of double-digit inflation.