Adviser of the interim authorities on the Ministries of Finance and Commerce Dr Salehuddin Ahmed right now stated the federal government has sought assist from the World Bank, alongside different improvement companions like IMF for some ongoing and future programmes and schemes.
The Adviser was speaking to reporters after a delegation of the World Bank and International Finance Corporation (IFC) met him on the Finance Division Conference Room at Bangladesh Secretariat right now.
Asked what sort of assist the federal government has sought from the lending businesses, Dr Salehuddin stated, “We have requested them for providing support in some ongoing and future programs. “We will formally convey them about our needs later and talks will be held further”.
He stated the federal government sought technical help for banking sector reforms, bringing again the laundered cash from overseas and reform the tax regime.
The Adviser stated the federal government has sought assist not solely from IMF, but in addition from different improvement companions.
He stated after coordinating with the opposite improvement companions, the federal government would talk with the IMF for availing the precise assist.
“We will not make any duplication while seeking support from the development partners,” he added.
The Finance Adviser stated the federal government wants assets for finishing up reforms within the financial fronts and different areas.
“In this regard, we will collect local resources as much as we can. But, in some cases, we need funding from the foreign sources like IMF which provides us balance of support and in the revenue sectors alongside in the banking sector.”
Regarding right now’s assembly with the World Bank and IFC delegation, he stated talks with them have been held on potential assist in numerous sectors. Discussion was additionally held on the problems of broad financial goals and coverage views.
“This was not a technical team …we have told them that we have taken necessary steps to carry out reforms in the banking, revenue and other sectors which would take some time,” he added.
The Adviser stated, the World Bank crew would particularly discuss with Bangladesh Bank on international alternate market subject, banking sector reforms, and macroeconomic coverage. They would additionally focus on with NBR on reform points.
The Adviser stated, they’d additionally maintain talks with the coverage makers of the lending businesses within the upcoming Annual Meetings of the IMF and World Bank Group in October.
World Bank regional vp for South Asia Martin Raiser, South Asia Regional Director Imdad Fakhoury, World Bank Country Director Abdoulaye Seck and World Bank Operations Manager for Bangladesh Gayle Martin have been current, amongst others.
Meanwhile, World Bank (WB) Group President Ajay Banga not too long ago stated the worldwide lender would offer US$ 3.5 billion to assist reform initiatives of Bangladesh’s interim authorities.
The WB president introduced the help at a gathering with Bangladesh Chief Adviser Professor Muhammad Yunus on the sidelines of the United Nations General Assembly (UNGA) on the UN Headquarters.
Banga, a long-time good friend of Prof Yunus, stated at the very least US$ two billion could be supplied as recent lending whereas one other US$ 1.5 billion could be repurposed from the prevailing applications.
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