The International Monetary Fund wants to monitor the credit flows under a fresh proposal on debt monitoring policy
Bangladesh has opposed an IMF proposal to monitor the flows of non-concessional loans by low income countries (LICs).
The International Monetary Fund wants to monitor the credit flows under a fresh proposal on debt monitoring policy.
We compared your proposal significantly, Fund Minister AMA Muhith advised reporters, from a meeting with visiting IMF’s Southern region Asian countries Professional Movie director Rakesh Mohan on the Ministry associated with Fund inside Dhaka the other day. “This just isn't your legal system associated with IMF along with I really do not need that by simply IMF. ”
He / she stated the planet Bank today monitoring your non-concessional loans and may proceed. He / she, on the other hand, stated generally there would be no serious injury in the event the IMF deals with your non-concessional mortgage loan.
Replying to question, your minister stated your countrys payment efficiency associated with international credit history can be relatively much better than different nations around the world and possesses be a lifestyle associated with Bangladesh.
The actual finance ministry did wonders prudently with regard to last 42 a long time inside payment on the international mortgage loan, including the operates conducted because of the down and dirty level mortgage loan committee setup by simply me 20 in the past.Rakesh praised the country’s macroeconomic situation and said it showed creditable progress with holding stable macroeconomic status. He said the foreign exchange reserve and positive balance of payment helped the country maintain a nice economic situation.
News source :
Dhaka Tirbune
Date:- 31-Mar-2014
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