Bangladesh: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria

Author: International Monetary Fund

Volume/Issue: Volume 2004 Issue 027

Publication date: February 2004

ISBN: 9781451804072

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Money and Monetary Policy , Public Finance , Taxation - General , Public Policy - Social Services and Welfare , ISCR , CR , savings instrument , NSC rate adjustment , PRGF loan , authority , rate , government securities market , Independent Anti-Corruption Commission , Tax administration core functions , Poverty reduction strategy , Credit , Poverty reduction , South Asia , Global

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Summary

Satisfactory progress has been made so far under the first-year poverty reduction and growth facility and the program is on track. Turning this progress into faster and lasting growth requires deeper reform to improve the investment climate and credible action to strengthen governance. The recent shift in the stance of macroeconomic policies to support growth is timely. The targeted increase in the budget for infrastructure and social spending is well considered. Bangladesh's record under the program so far has been positive overall.