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Bangladesh Will Only Pursue IMF Partnership if Public Interest is Protected: Finance Minister

Finance Minister Amir Khosru Mahmud Chowdhury announced that any future partnership with the International Monetary Fund (IMF) will be considered only if it protects public interest and ensures economic security.

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Bangladesh to consider IMF partnership only if public interest is protected: Finance Minister | News Flash
BSS

Finance Minister Amir Khosru Mahmud Chowdhury stated today that Bangladesh will only consider a partnership with the International Monetary Fund (IMF) if it safeguards public interest and protects the country's economic security. The minister emphasized that the government will not engage in any IMF programme that goes against the interests of the people.

Government's Stance on IMF Programmes

Referring to the previous IMF programme undertaken by the former government, the minister highlighted that it included conditions inconsistent with the present government's policy priorities. Consequently, the current government decided to withdraw from that arrangement. The objective, according to the minister, is not merely to secure external financing but to ensure economic stability while protecting the interests of the people.

Future Engagement with IMF

Any future engagement with the IMF, the minister added, would be based on terms that fully safeguard Bangladesh's national interests. The government is committed to ensuring that any collaboration with the IMF aligns with its broader economic goals and policy framework.

Modernising Visa Policy

In addition to discussing IMF collaboration, the minister announced that the government is working to modernise the country's visa policy. This initiative is part of a broader vision to build a modern Bangladesh. The existing visa regime will be simplified to facilitate greater tourist arrivals, attract foreign investment, and strengthen international confidence in Bangladesh's economy.

Tribute to Barrister Jamiruddin Sircar

During the briefing, the Finance Minister also expressed deep sorrow at the death of Barrister Jamiruddin Sircar, former Speaker of the Jatiya Sangsad and former Acting President of Bangladesh. He described Sircar as a capable and principled statesman, whose contributions to the country's politics will be remembered with respect. The minister noted that Sircar's death is an irreparable loss to the nation.

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Source: BSS

FAQ

Why did Bangladesh withdraw from the previous IMF programme?
The previous IMF programme included conditions inconsistent with the present government's policy priorities.

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