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Tags : International Monetary Fund


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High inflation reduces forex reserves: BBTA study

High inflation reduces foreign exchange reserves, as more reserves are necessary to stabilise the foreign exchange market and cool down inflation, according to a research paper by officials of the Bangladesh Bank...

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Bangladesh's net forex reserve plunges to $13.8b

The net foreign exchange reserves in Bangladesh, as per International Monetary Fund guidelines, fell to $13.76 billion, with the gross reserves dropping to $18.26 billion on May 12, marking a 10-year low, according to Bangladesh Bank data...

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Maldives gets IMF debt warning as more Chinese loans loom

The International Monetary Fund warned the Maldives against looming ‘debt distress’ Monday, as the small but strategically placed luxury tourist destination looks set to borrow more from main creditor China....

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BB opens lending rate to market amid IMF pressures

The Bangladesh Bank on Wednesday scrapped its SMART rate policy of determining lending rate and shifted to the market-based approach amid International Monetary Fund’s pressures...

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IMF to make concession once again

The Bangladesh Bank is likely to get concession in maintaining the net international reserve once again under the current $4.7 billion loan programme with the...

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BB to open interest rate to market fully

The Bangladesh Bank is likely to abandon its SMART rate policy of determining lending rate and shift to market-based approach as per an International Monetary Fund’s proposal...

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Govt must set power policy right to reduce subsidy

THE government mulling over an increase in power price four times a year for the next three years to reduce subsidy is unacceptable and an injustice to consumers. Power Division officials are reported to have proposed the increase to a visiting International Monetary Fund mission that has...

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IMF insists on power tariff hike

The visiting International Monetary Fund mission on Thursday asked the government to increase power tariffs to clear arrears and reduce...

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IMF criticises forced bank mergers

The visiting International Monetary Fund mission on Thursday observed that the international practice should be followed in implementing the merger and...

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IMF concerned over delay

The visiting International Monetary Fund mission has expressed concern over delays in introducing the proposed crawling peg for determining the exchange rate...

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India’s poor will not be wished away

The late, sharp-witted economist Michael Mussa, my first boss at the International Monetary Fund, once told me that every statistic must pass the ‘smell test.’ I recalled this sage advice recently when Indian authorities published the first driblets of a consumption survey...

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Economic headwinds put financial stability at risk

The country has been mired in a prolonged economic crisis due to a lack of reform, leading to decade-high inflation and a persistent shortage of dollars over the past two years. The economic challenges exacerbated by the conflict between...