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Bangladesh has requested a new loan arrangement from the International Monetary Fund and is exiting its current $5.5 billion programme, government officials said yesterday.
The officials said Dhaka will soon start talks with the IMF on a framework that would shape the design and conditions of the new lending programme.
Government officials said that the current programme was negotiated in a markedly different economic environment and that political changes, domestic pressures and global uncertainty have made some reform conditions harder to implement.
“We are not stepping back from reforms. What we want is a realistic and phased reform agenda that reflects Bangladesh’s present economic conditions,” said Rashed Al Mahmud Titumir, the prime minister’s adviser on finance and planning.
He said the government would review the IMF’s proposed policy framework carefully to ensure it aligns with national priorities and current economic realities.
The IMF confirmed that discussions were underway on reform priorities and the broader direction of policy.
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