The board of directors of IMF has recently approved $987 million loan under the ECF with zero interest rate. The loan is tied with financial and systematic time-bound reforms
The objective of ECF scheme is to support the country's Balance of Payment (BoP) situation.
The reforms to be brought include:
-Containing subsidies in different areas
-Reforms in subsidy and banking system
-Adjusting fuel prices in line with their international market price
-Reforms in public financial management, bringing down inflation
-Increasing the prices of electricity at regular interval.
$1.0b IMF loan tied with various reforms: Muhith
Because of the importance implicated by the time-bound nature of this IMF loan I thought of making a separate thread instead of posting on the sticky Bangladesh Economy thread.