Govt seeks WB-IMF help for reform & growth – Bd24live

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Adviser of the interim authorities on the Ministries of Finance and Commerce Dr Salehuddin Ahmed in the present day mentioned the federal government has sought help from the World Financial institution, alongside different growth companions like IMF for some ongoing and future programmes and schemes.

The Adviser was speaking to reporters after a delegation of the World Financial institution and Worldwide Finance Company (IFC) met him on the Finance Division Convention Room at Bangladesh Secretariat in the present day.

Requested what sort of help the federal government has sought from the lending companies, Dr Salehuddin mentioned, “We now have requested them for offering help in some ongoing and future applications. “We are going to formally convey them about our wants later and talks will probably be held additional”.

He mentioned the federal government sought technical help for banking sector reforms, bringing again the laundered cash from overseas and reform the tax regime.

The Adviser mentioned the federal government has sought help not solely from IMF, but additionally from different growth companions.

He mentioned after coordinating with the opposite growth companions, the federal government would talk with the IMF for availing the particular help.

“We is not going to make any duplication whereas in search of help from the event companions,” he added.

The Finance Adviser mentioned the federal government wants assets for finishing up reforms within the financial fronts and different areas.

“On this regard, we are going to acquire native assets as a lot as we will. However, in some instances, we’d like funding from the international sources like IMF which offers us steadiness of help and within the income sectors alongside within the banking sector.”

Concerning in the present day’s assembly with the World Financial institution and IFC delegation, he mentioned talks with them had been held on doable help in varied sectors. Dialogue was additionally held on the problems of broad financial goals and coverage views.

“This was not a technical crew …now we have instructed them that now we have taken needed steps to hold out reforms within the banking, income and different sectors which might take a while,” he added.

The Adviser mentioned, the World Financial institution crew would particularly speak with Bangladesh Financial institution on international trade market problem, banking sector reforms, and macroeconomic coverage. They might additionally focus on with NBR on reform points.

The Adviser mentioned, they might additionally maintain talks with the coverage makers of the lending companies within the upcoming Annual Conferences of the IMF and World Financial institution Group in October.

World Financial institution regional vice chairman for South Asia Martin Raiser, South Asia Regional Director Imdad Fakhoury, World Financial institution Nation Director Abdoulaye Seck and World Financial institution Operations Supervisor for Bangladesh Gayle Martin had been current, amongst others.

In the meantime, World Financial institution (WB) Group President Ajay Banga lately mentioned the worldwide lender would offer US$ 3.5 billion to help reform initiatives of Bangladesh’s interim authorities.

The WB president introduced the help at a gathering with Bangladesh Chief Adviser Professor Muhammad Yunus on the sidelines of the United Nations Normal Meeting (UNGA) on the UN Headquarters.

Banga, a long-time good friend of Prof Yunus, mentioned no less than US$ two billion could be offered as contemporary lending whereas one other US$ 1.5 billion could be repurposed from the present applications.