Dhaka, June 27 (V7N) — As Bangladesh focuses on strengthening its foreign exchange reserves and controlling inflation, the International Monetary Fund (IMF) has highlighted the risk of political uncertainty ahead of upcoming elections.

The concern was raised in a report released late Thursday (June 26) concerning the 3rd and 4th installments of Bangladesh’s IMF loan.

Despite the challenging economic environment, the IMF commended the interim government for its sincere efforts toward economic reforms. The report welcomed initiatives such as the introduction of a market-based exchange rate and increased revenue generation.

Nigel Clark, Deputy Managing Director of the IMF, emphasized the need to further strengthen public financial management and improve spending efficiency to ensure smooth implementation of the new budget. He also urged swift enforcement of laws and the restoration of discipline within banks and financial institutions.

The IMF stressed that for Bangladesh to achieve upper middle-income status, it must pursue sustainable institutional reforms and diversify its export products. Accurate and reliable information and statistics will be critical to this effort, the report noted.

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