BB reform measures satisfied IMF

The International Monetary Fund (IMF) has expressed satisfaction over the achievement of some reform measures Bangladesh Bank (BB) has taken in line with the IMF's suggestions for its US$ 4.7 billion loan programme.

"As per the suggestion of the IMF, we have already implemented some reform measures, including reserve calculation with the Balance of Payments and International Investment Position (BPM6). We have also discussed the other reform measures. The central bank is also working to implement the reforms," said Bangladesh Bank (BB) Executive Director and Spokesman Md Mezbaul Haque.

The central bank spokesman said this while speaking with the reporters after the meeting with the IMF mission at the central bank headquarters in the city.

The IMF delegation led by Rahul Anand, mission chief for the Bangladesh, Asia and Pacific department, held its first review meeting with the governor and top officials.

They will also hold a series of meetings with other stakeholders to review the performance in achieving the targets set for the first half of 2023.

Mezbaul Haque said the BB highlighted the achievements and progress made in other sectors as per the requirements of the IMF.

The IMF team will assess the overall condition of the economy before sitting with the central bank again and share the outcomes of the meetings, he added.

"We could get the final feedback in the concluding meeting scheduled for October 19," he said.