IMF Satisfied With Bangladesh’s Reserves and Inflation

The International Monetary Fund (IMF) has expressed satisfaction with Bangladesh’s progress in controlling inflation and maintaining adequate foreign currency reserves.

The remarks came following the first round of meetings held in Dhaka today as part of the IMF’s Fifth Review Mission to Bangladesh.

The IMF delegation, led by Chris Papageorgiou, arrived in the capital to assess the country’s performance under the ongoing loan programme. The team will stay in Bangladesh until November 13 to conduct a comprehensive review and hold discussions with the Bangladesh Bank and various government ministries.

Speaking to BSS, a senior Bangladesh Bank official said the IMF had reviewed the nation’s reserve position and expressed satisfaction with the current level.

He added that the IMF team noted a downward trend in inflation over recent months. “The IMF representatives appreciated the improvement but advised the central bank to maintain its contractionary monetary policy to sustain this trend,” the official said.

During the meetings with Bangladesh Bank, chaired by Deputy Governor Nurun Nahar, discussions focused on ongoing financial reforms and overall banking sector stability.

Key agenda items included liquidity monitoring, implementation of risk-based supervision, restrictions on deposit withdrawals in select banks, and the financial condition of recently merged banks.

Earlier in the day, IMF officials paid a courtesy call on Finance Secretary Md Khairuzzaman Mozumder and later held separate meetings with officials from the Macroeconomic and Budget Wings of the Finance Division.