IMF happy with Bangladesh economy

The International Monetary Fund (IMF) has expressed satisfaction over Bangladesh's overall economic performance.

Chief Economics
Published : 30 March 2014, 12:52 PM
Updated : 30 March 2014, 12:53 PM

IMF Executive Director Rakesh Mohan conveyed the financial body's happiness in a meeting with Finance Minister Abul Maal Abdul Muhith on Sunday.

Bangladesh’s overall economy was stable and doing very well, Mohan told reporters after the meeting.

Inflation was under control and the $ 19-billion foreign exchange reserve was impressive, he said.

“I have discussed these with the minister and told him that the economy was on the right track.”

Mohan, who represents Bangladesh, Sri Lanka and Bhutan on the IMF board, is on his first visit to Dhaka.

Bangladesh achieved significant growth in the past few years, proving that its economy was stable, he added.

“Export growth is fine. There is a big current-account surplus. I will present details at a press conference,” Mohan said.

Toufique Imrose Khalidi
Editor-in-Chief and Publisher