The International Monetary Fund (IMF) has expressed concern over the continued rise in commodity prices in the Bangladesh market. For this, the organization has advised the interim government to take effective initiatives to reduce commodity prices.
The IMF believes that the Bangladesh economy is under pressure from inflation and it will reduce growth. Revenue collection has also decreased, they said.
The organization's mission chief, Chris Papageorgi, expressed the concern at a briefing before leaving Dhaka after a week-long visit to Bangladesh, believing that the reserve situation is also under pressure.
The IMF has also expressed concern over the printing of new money and its release into the market. However, the organization believes the words of Bangladesh Bank governor as he has said that they will quickly withdraw the money released into the market.
However, if they do not do that, inflation will increase further, which will further increase the suffering of the common people of the country, according to IMF.
Bd-pratidin English/Lutful Hoque
