Dhaka, May 5 -- The Asian Development Bank (ADB) has indicated its willingness to consider extending budget support to Bangladesh if a 'letter of comfort' is provided by the International Monetary Fund (IMF), Finance Adviser Dr Salehuddin Ahmed said on Sunday.
Speaking to The Financial Express on the sidelines of the 58th ADB Annual Meeting in Milan, Italy, Dr Salehuddin said that while a formal agreement with the IMF may not be imperative, a positive signal from the Fund on Bangladesh's macroeconomic stability would be pivotal for securing ADB support.
"As the IMF conducts due diligence on macroeconomic matters, its assurance is important for ADB's budget support," the adviser said.He noted that the scope for a "soft landing" in the cu...
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