State of the Bangladesh Economy in FY2023-24 (First Reading)
Independent Review of
RBD
Bangladesh's Development
Progress on IMF conditionalities concerning public finance
☐ Among IMF conditionalities on public finance, the majority of the structural benchmarks
are related to strategy/plan documents and policy notes, which are 'relatively easy to meet'
□ IMF (Article IV) document does not adequately specify the qualitative aspects of these
documents
Indicative target on tax revenue mobilisation is likely to be missed by the end of FY24
Might have a negative impact on maintaining the performance criterion on the primary
balance unless public expenditure is adequately downsized
Might also adversely affect the indicative targets on priority social spending and capital
investment
Some of the conditionalities will require further detailing regarding their methodology
(e.g., price adjustment mechanism for petroleum products) and stakeholder engagement
plan in the coming days
Regrettably, the IMF conditionalities do not mention anything regarding ensuring value for
money for public investment as part of the programme
CPD (2023): State of the Bangladesh Economy in FY2023-24 (First Reading)
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