IMF satisfied with inflation

A delegation of the International Monetary Fund (IMF) held a meeting with Bangladesh Bank officials on Tuesday (April 8). 

During the meeting, the IMF delegation expressed satisfaction with Bangladesh's macroeconomic and inflation situation. 

They expressed satisfaction that the Bangladesh Bank is currently calculating reserves in light of the IMF's instructions. 

As a result, Bangladesh Bank expects the next installment of the IMF loan may be waived. 

Bangladesh Bank Executive Director and Spokesperson Md. Arif Hossain Khan gave this information after the meeting with the IMF delegation.

He said that the IMF delegation expressed their satisfaction with the inflation. 

They have predicted that inflation will come down to below 8.5 percent by next June. 

However, inflation control does not depend only on the central bank's single decision. The IMF delegation said that it is possible to bring it under control only when all the government agencies work together. 

Arif Hossain Khan said that the condition of 6 banks out of 11 banks facing liquidity crisis has improved. Now they will no longer need liquidity support. However, five banks are still in a weak condition.