BD has potential to achieve higher inclusive growth: IMF

The International Monetary Fund (IMF) on Wednesday said Bangladesh has a vibrant economy and strong potential to achieve a higher and sustained inclusive growth. “Realising this potential will require safeguarding macroeconomic stability, further strengthening the financial sector, business climate and labour conditions,” said IMF Deputy Managing Director Naoyuki Shinohara in a statement at the conclusion of his two-day visit to Bangladesh. He also laid emphasis on building a fiscal space to increase the level and quality of spending on health, education, and critical infrastructure. “The authorities (BD) have made substantial progress in strengthening macroeconomic conditions supported by the IMF-supported Extended Credit Facility (ECF) arrangement, approved in April 2012,” Shinohara said, according to a news agency.