BD needs improvement in six areas, says IMF

Bangladesh needs to make further improvement in six areas, including infrastructure, revenue mobilisation and risk-mitigating management for financial sector to help enhance its economic growth.
Other areas include availability of land, formulation of an effective policy on energy and power, and facing the impacts of climate change.
The observations were made on Wednesday by the visiting delegation of the International Monetary Fund (IMF), led by its Deputy Division Chief for Asia and the Pacific Department, Rodrigo Cubero, during their meeting with Planning Minister AHM Mustafa Kamal at the latter's office in the city, said a press releases.
The IMF delegation was of the view that overall macroeconomic stability of Bangladesh largely depends on how efficiently the government would be able to cope with its post-MDG (millennium development goals) targets.   
They, however, praised the economic progress made by Bangladesh despite having some odds.
The planning minister informed the IMF delegation that the government was going to prepare the seventh five-year plan, aiming to help ensure the country's macroeconomic stability.
Responding to an observation relating to the inadequate land, the minister said his government is considering using unutilised government lands for industrial purpose.
About a query on the Bangladesh's GDP (gross domestic product) growth performance in the wake of prevailing political impasse, Mr. Kamal informed the delegates that the GDP growth rate in the first eight months of the current fiscal was better than that in the corresponding period of last fiscal.
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