Dhaka, Bangladesh (BBN) – The International Monetary Fund (IMF) has suggested policy markers of Bangladesh to address the structural weaknesses, especially around the financial sector immediately.
“….Bangladesh is in a very good situation macro economically at this stage. And this is the time to address the structural weaknesses, especially around the financial sector,” Anne-Marie Gulde-Wolf, deputy director of IMF’s Asia and Pacific Department said while replying to a query at a press briefing during the World Bank-IMF’s annual meeting held in Washington DC on Friday.
Financial stability is endangered by the high rate of non-performing loans in the economy, according to the IMF official.
“While there is no immediate crisis risk addressing this is particularly important to create room for better lending by the financial sector,” she explained.
Ms Gulde-Wolf also said this better lending will allow private sector investments, investments that are also needed to diversify the economy away from the dominant sector, and to create room for investment that is needed to benefit from the demographic dividend that Bangladesh could have.