The Bangladesh economy faced several challenges in the first three quarters of FY2024. Weak revenue collection restricted fiscal headroom and boosted government borrowing from commercial banks to pay the budget deficit. Bank liquidity tightened, essential commodity prices rose, the external sector balance worsened, and foreign currency reserves fell. FY2023 had similar challenges, causing the Bangladeshi government to seek a 42-month International Monetary Fund (IMF) bailout package.
Publication Period: June 2024
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