Economic Desk: The International Monetary Fund (IMF) has announced that it will continue discussions with Bangladesh on short-term loans. The organization will soon meet with Bangladesh to reach an agreement on this issue.
The World Bank and IMAP spring meeting will begin on April 21 at the IMF office in Washington, USA. This issue may be discussed in the meeting.
Governors, bankers, economists and analysts from 190 countries of the world, including Bangladesh, will attend the meeting. The organization organizes this meeting every year with emphasis on global economic conditions, developments, policy formulation, and adoption and implementation of current and future economic plans.
In a statement on Thursday, the organization said that such an agreement will enhance its expanded lending facilities, increased funding facilities, sustainability and stability facilities. The IMF has reiterated its commitment to support Bangladesh and its people during these challenging times.
An IMF mission visited Dhaka from April 6 to 17 to review the country’s economic and financial policies. The mission observed that Bangladesh’s economy is under pressure amid global uncertainty, with GDP growth slowing to 3.3 percent in the first half of the fiscal year, down from 5.1 percent in the same period a year earlier. The slowdown was due to the July-August mass uprising, austerity policies and weakening investor confidence, the agency said.
Inflation, which had reached a decade-high of 11.7 percent in July 2024, eased to 9.4 percent in March 2025. However, it is far above Bangladesh Bank’s target of 5 to 6 percent. To stabilize the economy, the IMF has recommended fiscal consolidation, a more flexible exchange rate, improved tax compliance and institutional reforms.
The IMF approved a $4.7 billion loan for Bangladesh in 2023, against which Bangladesh has already received $2.3 billion in three tranches.
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