TDS Desk

The International Monetary Fund (IMF) has commented that “Bangladesh is on the right track” in controlling the prices of products and services. Bangladesh Bank (BB) needs to be “contractionary” at the moment to balance the flow of money, the agency noted.

IMF expressed this opinion in the briefing on the regional economic outlook report in Tokyo, Japan on Friday (November 1) morning.

Thomas Helbling, assistant director of the IMF’s Asia and Pacific region, said that Bangladesh’s economy is dealing with “multiple shocks”. Political unrest and persistent floods have hampered the supply of products.

He said that since 2022, the prices of products and services have increased in the country, so there is no option but to adopt a contractionary monetary policy.

IMF forecast states that Bangladesh’s GDP growth this year is 4.6 percent and it may be down by 4.4 percent in the next year.