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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

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
Table Of 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
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (98 p.)
Specific Material Designation
Form Of Item

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