IMF clarifies position on possible funding support

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FE Report
Several options are available to Bangladesh for possible future programme support by the International Monetary Fund (IMF) or policy consultations with it (IMF). It is up to the government to decide the most appropriate type of assistance to seek from the Fund in support of its reform efforts.
This was stated by Jonathan C. Dunn, IMF's Resident Representative in Dhaka in a clarification sent Thursday to the FE on reports published in this paper over the past several weeks.
The first of these available options is a new Poverty Reduction Growth Facility (PRGF) arrangement, the second is support through the Policy Support Instrument (PSI) and the third is engagement though the surveillance and Article IV consultation role that the Fund conducts with all 184 of its member countries, he added.
The PSI is an instrument developed at the request of IMF member countries that are termed 'mature stabilisers' and that wish to benefit from a signal that their macroeconomic policies are appropriate while not availing themselves of IMF financial assistance, he added
The clarification concluded that all of these options are available to Bangladesh and it is up to the government of Bangladesh to decide the most appropriate type of assistance to seek from the IMF in support of its reform efforts.