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  • Bangladesh and Dr. I already know Yunus: head of the IMF
The World Bank is giving an assurance to return the smuggled money

Bangladesh and Dr. I already know Yunus: head of the IMF


IMF chief Kristalina Georgieva

  • Economy
  • Business Desk
  • Published: 23 Oct 2024, 06:34 PM

IMF head Kristalina Georgieva sitting on the stage in front of the finance ministers of various countries came up from the chair and the finance advisor. He held Saleh Uddin Ahmed's hand and said, 'Saleh Uddin Ahmed is my former colleague. Dr. I know Muhammad Yunus and Bangladesh before.'

The country has maintained continuity in economic development. doing well However, through the recent political changes, there has been a comprehensive reform program. Yunus' interim government. We have been strongly cooperating and supporting this reform process. They are also doing well in loan repayments. The installments have not been defaulted due to various crises. The country offered some new loans. We are also thinking positively about them.'

This is how Georgieva portrayed Bangladesh in the ongoing V-20 Ministerial Dialogue at the World Bank and IMF headquarters. The V20 is an alliance of 68 countries most affected by climate change. Bangladesh is one of its members. The whole hall clapped hands at that address of Georgieva.

Meanwhile, the World Bank and the IMF have again assured to provide technical and policy support to bring back the money smuggled out of Bangladesh. Financial advisor Dr. gave this assurance on Wednesday at the ongoing annual meeting at the headquarters of the two organizations in Washington. Salehuddin Ahmed. The two organizations have said about such cooperation several times before. However, no effective progress has been made in this regard so far.

On the other hand, Dr. in a briefing on the same day. Saleh Uddin Ahmed said that Bangladesh has sought financial and technical support from the World Bank-IMF to restore the country's economy, which is ongoing at the World Bank and IMF headquarters. In that case, there is a positive response. He also said at the World Bank-IMF annual meeting in the United States that international organizations are optimistic about Bangladesh's economy despite various crises and challenges.

On the second day of the annual meeting, the IMF published the World Economic Outlook report on the future dynamics of the world economy on Tuesday, local time in the United States. In which the organization said, this year the economic growth of Bangladesh may be 4 and a half percent. However, despite the various challenges, the interim government's financial adviser is optimistic about the growth of Bangladesh. Salehuddin Ahmed.

This year's annual meeting is particularly important for Bangladesh due to the change in political landscape. So to regain the confidence of international organizations, the policy makers of the new Bangladesh financial sector met with multiple parties. However, despite the unlimited irregularities and corruption of the previous government and the loss of millions of rupees, the financial adviser said. Salehuddin Ahmed praised the government's development activities at the World Bank meeting. Even IMF and World Bank praised Bangladesh.

Saleh Uddin Ahmed said, 'All the governments after 1990 have maintained the development continuity of this country. It is undeniable. There is no single thing that depends on praising any government or denigrating anyone.'

The Global Financial Stability Report published on this day said that there is still uncertainty in many countries about currency management and high interest rates. Bangladesh is not out of it. IMF will help Bangladesh to restore stability in this sector.

Through this, Bangladesh got the recognition of the continuity of development once again on the world stage. At the World Bank Group meeting in the United States, IMF MD Kristalina Georgieva praised Bangladesh's achievements in macroeconomics and human development. Finance advisor. Salehuddin Ahmed said, all governments after 90 deserve this achievement. Development partners will be on the side of the government, that commitment has also been reiterated.

After the meeting of finance ministers of 68 disaster-prone countries, the finance adviser said that the government is not at all worried about the slow pace of GDP growth. Instead, he said, hope for something good if he can handle the shock.

In a briefing at the World Bank headquarters, the Governor of Bangladesh Bank said that the exact amount of money lost from the bank will be known soon. At this time, the governor. Ahsan H. Mansoor also answered questions.

Lutfe Siddiqui, Special Envoy of the Chief Adviser on International Relations, feels that any amount of money can be obtained from development partners if properly spent. Development partners have agreed to provide financial and technical support to implement reforms promised by the interim government.

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