The International Monetary Fund (IMF) has expressed contentment with the Bangladesh Bureau of Statistics (BBS) for making progress in meeting certain conditions outlined by the global lender. This approval from the IMF came to light during a meeting with the BBS, a senior BBS official informed the media.
The IMF’s satisfaction with the BBS’s efforts is a significant development in the context of fulfilling conditions set by the IMF for Bangladesh to secure a second installment of $4.70 billion in loans.
Previously, the IMF had presented three conditions to Bangladesh. These conditions included revising the methodology for calculating inflation or the Consumer Price Index (CPI). The second condition stipulated the publication of a concise report on the country’s gross domestic product (GDP), and the third condition required the consistent documentation of Bangladesh’s growth over the past 50 years since gaining independence.
