Finance Minister Amir Khasru Mahmud Chowdhury has said that Bangladesh’s ongoing programme with the International Monetary Fund (IMF) is progressing smoothly, with the next review scheduled for July as the government continues its reform efforts to stabilise the economy.
Speaking to reporters after a meeting with Krishna Srinivasan at the Finance Ministry on Tuesday, the minister noted that the programme remains on track and discussions are ongoing regarding its conditions and implementation in line with current economic realities.
He added that talks are also underway regarding the next tranche of IMF funding, with Bangladesh expecting around $1.3 billion by June, subject to a successful review. The issue is expected to be further discussed during the IMF-World Bank Spring Meetings in Washington, DC in April.
Highlighting the country’s economic situation, the minister acknowledged ongoing challenges, particularly in the banking sector, which he described as fragile.
He also pointed to weaknesses in the capital market and a low tax-to-GDP ratio as areas requiring urgent attention.
To address these issues, the government has begun implementing reforms outlined in its election manifesto, focusing on deregulation, improving the business environment, and lowering operational costs for businesses. Alongside this, several social safety initiatives - including family support programmes, agricultural assistances, and credit schemes for farmers - are already in progress.
The minister further said that development projects stalled during the previous interim period due to financial limitations would be restarted as part of broader economic recovery plans.
He indicated that additional reform measures would be reflected in the upcoming national budget.
Commenting on the discussions, Srinivasan said that IMF financing decisions are closely linked to policy engagement and confirmed that talks with the government are continuing.
He also noted that global uncertainties, including the impact of ongoing conflicts, are affecting economies worldwide, including Bangladesh.
The finance minister also highlighted recent efforts to manage economic pressures during Ramadan and Eid, noting stable commodity prices, uninterrupted transport services without fare increases, and timely wage payments in the garment sector.
He stressed that while external challenges persist, collective efforts and public cooperation will be essential in overcoming the current economic pressures.
