'Bangladesh has resisted impact of world economic crisis'
Bangladesh, so far, has been successful in resisting impact of the current world economic crisis, but the pressure on it has started building up, a top official of the International Monetary Fund has said.Updated: Feb 13, 2009 13:51 IST
Bangladesh, so far, has been successful in resisting impact of the current world economic crisis, but the pressure on it has started building up, a top official of the International Monetary Fund (IMF) has said.
"Bangladesh's economy has been able to resist, thus far, some of the effects of the global financial crisis," said Anoop Singh, IMF Director of Asia and Pacific Department, in a statement on the conclusion of his visit to Bangladesh.
"The domestic economy has retained momentum from a favorable agricultural performance and Bangladesh has benefited from the fall in food, fuel and other commodity prices. Moreover, limited capital account dependence has largely protected the country's banks and stock market from the first round impact of the global crisis," he said.
During his trip, Anoop Singh along with his team met officials of the new government including the Prime Minister Sheikh Hasina; Finance Minister AMA Muhith; Planning Minister AK Khandker, and Bangladesh Bank Governor Salehuddin Ahmed.
The IMF in its statement said pressures from the global slowdown have started building up on the country and warned that the growth could begin to moderate.
First Published: Feb 13, 2009 13:48 IST