'Bangladesh economy is on right track'
The International Monetary Fund (IMF) has observed that, Bangladesh economy is on the right track.
On Friday, October 13, IMF Director for the Asia and Pacific Department (APD) Krishna Srinivasan said it on mentioning various measures of the government to address macroeconomic challenges.
Krishna Srinivasan said, "I think, the economy is on right track in terms of meeting the objective of programme, getting inflation under control and addressing macroeconomic challenges given in difficult global environment."
He said this at a press conference on 'Economic Outlook for Asia Pacific' as part of the Annual Meetings of the World Bank Group and IMF.
"They have tightened monetary policy to reduce inflation. They have allowed more flexible exchange rate." Also mentioned that, every countries of the region including Bangladesh has been facing challenges due to global crisis.
"In coming years, strengthening multilateral and regional cooperation and mitigating the effects of geo-economic fragmentation are vital for Asia's economic outlool," he added.
He said, lower nontariff trade barriers, boost connectivity, and improve business environments are essential to attract more foreign and domestic investment across the region
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