While many other countries have managed to reduce inflationary pressure by adopting monetary policy tools, Bangladeshi policymakers have shied away from doing the same.
BNP on Thursday alleged that a $4.5 billion loan from the International Monetary Fund (IMF) will make people's debt burden heavier since the government has depleted the national exchequer through "widespread looting". "It's a good thing that you are taking a loan from the IMF, but how will you repay it? You've already exhausted the reserves and you've siphoned off all money
The government and the IMF team have reached a staff-level agreement to support the authorities' reform policies under a new 42-month ECF/EFF arrangement of about $ 3.2 billion (SDR 2.5 billion, equivalent of 231.4 percent of quota), and a concurrent RSF arrangement of about US$1.3 billion (SDR 1 billion, equivalent of 93.8 percent of quota).