IMF team to visit Dhaka on Wednesday

An International Monetary Fund mission is set to arrive in Dhaka on Wednesday to evaluate whether the government has fulfilled the conditions of released fifth installment of the Extended Credit Facility (ECF) programme.

The team will stay till 10th March and hold meetings with different authorities of the government.

IMFThey will discuss implementation of new VAT law, which was supposed to be effective from July this year under a major condition.

The release of final two installments depend on the meeting of the conditions set with the release of fifth tranche.

IMF Resident Representative Stella Kaendera recently sent a letter to the Governor of Bangladesh Bank Atiur Rahman informing about the coming visit of the IMF mission.

The letter also sought to know the updates on the country’s different economic issues. The queries were made to Finance Division, Bangladesh Bank, Bank and Financial Institutions Division, Bangladesh Bureau of Statistics and Economic Relations Division.

– Ittefaq report