While a privileged minority, sitting in their high castles, continue to enjoy a larger and larger share of the fruits of “development,” it is becoming obvious that the vast majority are increasingly struggling.
The International Monetary Fund on Wednesday raised its yearly growth forecast for China, but warned that Beijing's industrial policy risks a "misallocation" of resources and could harm trade
IMF said Japan's commitment to allow the yen to move flexibly will help the central bank focus on achieving price stability
The IMF prescription for the public means increased gas, electricity and transport prices, and so on.
IMF mission concluded its 15-day visit to Bangladesh today
However, the BB governor did not announce when Bangladesh Bank would introduce the flexible interest rate and exchange rate.
Bangladesh should allow greater flexibility in its exchange rate to address issues in its external account, particularly the deficit in the financial account, said the International Monetary Fund (IMF) today
The IMF mission met with the deputy governors, policy advisor, executive directors and directors in different meetings at the central bank headquarters.
It recommended the National Board of Revenue (NBR) discontinue the tax holiday for the information and communication technology industry and abolish the tax benefit for mining and petroleum extracting companies.
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.
The IMF, which has predicted global growth of 2.9 per cent this year, is slated to release new forecasts next month.
A set of parallel initiatives need to be undertaken targeting the structural weaknesses of the gas sector and power sector development to ensure energy transition.
Three issues would be dictating the upcoming fiscal year’s budget, the last of the Awami League government’s present five-year term: the International Monetary Fund’s conditions, the persistently high inflation and next year’s national election.