Bangladesh proves its economic capability

The approval of International Monetary Fund (IMF) loan has proved that the fundamental areas of Bangladesh’s macroeconomics are standing on a solid foundation, said Finance Minister AHM Mustafa Kamal.

Expressing gratitude to the IMF for approving a loan of US$ 4.7 billion to Bangladesh, the finance minister said, “Many people suspected that the IMF might not give us this loan. They thought the fundamental areas of our macroeconomics were weak, so the IMF would refrain from lending.

“Special thanks and gratitude to IMF Deputy Managing Director (DMD) Antoinette Monceau Sayeh and Head of Mission Rahul Anand who visited Bangladesh on this loan,” he said issuing a press release on Tuesday.

Besides, the Finance Minister also expressed his gratitude to Bangladesh Bank Governor Abdur Rauf Talukder and Finance Department Senior Secretary Fatima Yasmin and related officials of the Ministry of Finance who worked on this loan program.