Potential impact of IMF loan on Bangladesh economy

Dr. Pranab Kumar Pandey: At the outset of composing this article, I want to acknowledge that I am not an economist by profession. Nevertheless, driven by the prevalent discussions surrounding the declining trend of our foreign exchange reserves and the potential ramifications of the IMF loan on Bangladesh's economy, I have embarked on this ende...

Bangladesh' economy is a 'model' for the world: IMF MD Georgieva

Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), called Bangladesh's economy a 'model' for the world. Foreign Minister AKM Abdul Momen said she made these comments during a courtesy call on Bangladesh Prime Minister Sheikh Hasina at the Riz Carlton Hotel in Washington DC on Saturday. The Foreign Minister sa...

IMF will continue to support Bangladesh's aspiration to become a developed nation by 2041

International Monetary Fund (IMF) will continue to support for Bangladesh to accomplish its aspiration to become a developed, prosperous and higher income country by 2041. "Bangladesh has aspiration to become a developed, prosperous and higher income country by 2041, and IMF will continue its support," said the lending agency's Deputy Managing ...

Bangladesh is not in a crisis situation: IMF

Bangladesh is not in a crisis situation and its external position is "very different from several countries in the region," said Rahul Anand, division chief in the IMF's Asia and Pacific Department. The IMF official briefed on the current economic situation of Bangladesh in support of his stand during an online conference on Tuesday (16 August)...

Bangladesh a victim of global economic crisis

Dr. Atiur Rahman:  Like many other emerging economies, Bangladesh is also a victim of the global economic crisis. As indicated by the World Economic Outlook of the IMF, a fear of global recession coupled with rising inflation has been looming large leading to unprecedented financial turbulences across the board. When the world economy was ...

Bangladesh’s GDP to surpass Denmark, Singapore, Hong Kong by 2025

Bangladesh's economy is projected to reach $516.24 billion in the fiscal 2024-25, outperforming advanced economies such as Denmark, Singapore and Hong Kong along the way, says the International Monetary Fund (IMF). Denmark is expected to have a GDP of $484.38 billion at the current dollar value in 2025, while Singapore and Hong Kong will see th...

Bangladesh edging past India

Dr Ashikur Rahman: For nearly five decades, any discourse on South Asia was almost always focused on the bitter animosity between the two nuclear giants India and Pakistan, where the former was viewed as a large mystical country trying to establish its position in the global political and economic order -- and Pakistan as a strategically import...

Bangladesh’s persistent ‘fighting spirit’

Dr. Atiur Rahman: The recently-released "World Economic Outlook" by the International Monetary Fund (IMF) – predicting Bangladesh to be the fastest growing economy in South Asia with a likely GDP growth rate of 4% against a nearly 10.5% contraction of India's economy – has been the talk of the town in recent days. Moreover, Banglad...