IMF mission due Nov 04 to assess economic performance

Bangladesh is getting ready with all necessary performance data to face the upcoming International Monetary Fund (IMF) Article IV Consultation Mission on the country's existing economic situation, officials said.
The IMF mission is scheduled to arrive in Dhaka on November 04 to assess the country's overall economic performance, they added.
Both the Ministry of Finance and the Bangladesh Bank (BB) are now analysing different macroeconomic issues as part of their preparations.
"We're taking overall preparations for macroeconomic financial surveillance ahead of the IMF Mission visit," a senior official, familiar with the IMF activities in Bangladesh, told the FE Tuesday.
As part of the preparations, the central bank has already formed three teams to analyse foreign-exchange-reserve adequacy, the external balance situation including overall balance-of-payments (BoP) position. Besides, the teams have been assigned to assess the overall exchange-rate impact on foreign trade.  
The central banker also said the teams will also examine the impact of oil-price adjustments on gross domestic product (GDP) growth for better understanding of the BB on the issue.
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