Market-Based Interest Rate Bangladesh: Bangladesh Bank is going to introduce a flexible interest rate and exchange rate instead of fixed or band rates in line with the prescription of International Monetary Fund (IMF).
The interest rate will move to a fully market-based system "very shortly", Bangladesh Bank Governor Abdur Rouf Talukder has signalled – apparently in line with the IMF prescription over a $4.7 billion loan package. "I think we are very close to a market-based interest rate. We are expecting that very shortly we will be moving to a fully market-based interest rate," he said at
Implementation of an integrated budget and account system (iBAS++) will save Bangladesh an estimated Tk 59,804 crore ($5.4 billion) in the next five years.