Bangladesh: Second Reviews Under the Extended Credit Facility Arrangement and the Arrangement Under the Extended Fund Facility, and Requests for Rephasing of Access, a Waiver of Nonobservance of a Performance Criterion, and Modifications of a Performa

Second Reviews Under the Extended Credit Facility Arrangement and the Arrangement Under the Extended Fund Facility, and Requests for Rephasing of Access, a Waiver of Nonobservance of a Performance Criterion, and Modifications of a Performance Criterion, and Second Review Under the Resilience and Sustainability Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director

Bangladesh—Second Reviews Under the Extended Credit Facility Arrangement and the Arrangement Under the Extended Fund Facility, and Requests for Rephasing of Access, a Waiver of Nonobservance of a Performance Criterion, and Modifications of a Performance Criterion
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Volume/Issue: Volume 2024 Issue 186
Publication date: June 2024
ISBN: 9798400281433
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Summary

The Bangladesh economy continues to face multiple challenges. Persistently high international commodity and food prices and global uncertainties have amplified macroeconomic vulnerabilities. A sudden reversal of the financial account intensified pressures on foreign exchange reserves and the exchange rate, calling for a reinvigoration of the reform momentum.