{"id":7542,"date":"2024-04-30T14:26:41","date_gmt":"2024-04-30T10:56:41","guid":{"rendered":"https:\/\/dailyenglishtimes.com\/?p=7542"},"modified":"2024-04-30T14:26:41","modified_gmt":"2024-04-30T10:56:41","slug":"bangladesh-achieves-significant-improvement-in-macroeconomic-performance-imf","status":"publish","type":"post","link":"https:\/\/dailyenglishtimes.com\/?p=7542","title":{"rendered":"Bangladesh achieves significant improvement in macroeconomic performance: IMF"},"content":{"rendered":"<div class=\"col-lg-9\">\n<div id=\"details_content\" class=\"bottom_border\">\n<div class=\"row\">\n<div class=\"col-lg-9\">\n<div class=\"headline_content_block post_template-0\">\n<div class=\"headline_section mb-2\">\n<h4 class=\"font-weight-bold\">Bangladesh has achieved significant improvement in macroeconomic performance, observed the International Monetary Fund (IMF). \u201cBangladesh was a country that proactively showed the IMF support for the country\u2019s home-grown programmes, which have two components&#8211;one is macroeconomic stability and the other is addressing the longer-term structural issues related to climate change. On macroeconomic performance, so far there have been significant improvements,&#8221; said Krishna Srinivasan, the director of the Asia and Pacific department of the IMF, during a virtual briefing from Singapore today. He made the remarks in response to a question at the briefing on the regional economic outlook for Asia and the Pacific. Krishna Srinivasan said there have been improvements in the monetary policy framework and fiscal performance. &#8220;I think where Bangladesh was struggling was with the current account, which was just balanced partly because there was restraint on imports,&#8221; he added. He said the financial account was not performing very well. &#8220;So, in some sense, you could see the depletion in the foreign exchange reserve, and the taka was coming under pressure,&#8221; he mentioned. He said Bangladesh should allow greater flexibility in its exchange rate to address issues in its external account, particularly the deficit in the financial account. &#8220;Once you implement this, you will see a greater sense of stability returning to the external account,&#8221; he added. Srinivasan said that with reforms in the exchange rate and improvements in fiscal policy, Bangladesh should see a more sustained recovery from the crisis that every country in the region has faced due to multiple shocks.<\/h4>\n<\/div>\n<\/div>\n<div class=\"dtl_share_blk clearfix\">\n<div id=\"st-2\" class=\"sharethis-inline-share-buttons text-left st-center  st-inline-share-buttons st-animated\">\n<div class=\"st-btn st-first\" data-network=\"facebook\"><img decoding=\"async\" src=\"https:\/\/platform-cdn.sharethis.com\/img\/facebook.svg\" alt=\"facebook sharing button\" \/><\/div>\n<div class=\"st-btn\" data-network=\"messenger\"><img decoding=\"async\" src=\"https:\/\/platform-cdn.sharethis.com\/img\/messenger.svg\" alt=\"messenger sharing button\" \/><\/div>\n<div class=\"st-btn\" data-network=\"twitter\"><img decoding=\"async\" src=\"https:\/\/platform-cdn.sharethis.com\/img\/twitter.svg\" alt=\"twitter sharing button\" \/><\/div>\n<div class=\"st-btn st-last\" data-network=\"whatsapp\"><img decoding=\"async\" src=\"https:\/\/platform-cdn.sharethis.com\/img\/whatsapp.svg\" alt=\"whatsapp sharing button\" \/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"col-lg-3\">\n<div class=\"border\">\n<div class=\"tab_bar_block_new\"><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bangladesh has achieved significant improvement in macroeconomic performance, observed the International Monetary Fund (IMF). \u201cBangladesh was a country that proactively showed the IMF support for the country\u2019s home-grown programmes, which have two components&#8211;one is macroeconomic stability and the other is addressing the longer-term structural issues related to climate change. On macroeconomic performance, so far there have been significant improvements,&#8221; said Krishna Srinivasan, the director of the Asia and Pacific department of the IMF, during a virtual briefing from Singapore today. He made the remarks in response to a question at<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"limit_modified_date":"","last_modified_date":"","rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"yes","rop_publish_now_accounts":{"facebook_5980380192037842_108390337697511":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[3],"tags":[],"class_list":["post-7542","post","type-post","status-publish","format-standard","hentry","category-bangladesh"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=\/wp\/v2\/posts\/7542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7542"}],"version-history":[{"count":1,"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=\/wp\/v2\/posts\/7542\/revisions"}],"predecessor-version":[{"id":7544,"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=\/wp\/v2\/posts\/7542\/revisions\/7544"}],"wp:attachment":[{"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyenglishtimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}