IMF lauds Bangladesh's reserve build-up

 

IMF lauds Bangladesh's reserve build-up

The International Monetary Fund (IMF) has welcomed the increase in foreign exchange reserves by the Bangladesh Bank.

 
"The accumulation of reserves is considered a central objective of the IMF-supported programme, particularly given that the country continues to face balance of payments pressures," said Thomas Helbling, deputy director of the IMF's Asia and Pacific Department, BSS reports.
 
Responding to a question at a press briefing in Hong Kong on Friday on Asia-Pacific economic developments, he said that the goal of increasing reserves is key to reducing balance of payments vulnerabilities.