Muhith is looking for support from WB, IMF

United States news of Bangladesh. Dhaka

The Minister of finance. The need for improved financial support by the World Bank and the remainder said Abul Maal Abdul Muhith, support by the IMF.

This was stressed in his statement for the 2011 annual meetings of the International Monetary Fund in Washington DC and World Bank Group on Friday, said a press release from the Bangladesh Embassy in Washington DC.

He said were carefully planned Bangladesh public investment and expenditure and for the core of the development goals to reach, such as salts women at the forefront of development, employment, price stability, generate energy, food, and programme for social security and combating climate change, impact.

He noted that budget support reduce support all these efforts must under poverty credit (PRSC) program of the World Bank and balance of payments are completed under the extended credit facility (ECF) of IMF support.

"Such support would key fiscal space and reduce pressure on the already tense country's balance of payments", he added.

Crisis makes those achievements of Bangladesh in maintaining a stable macro-economic situation in the face, when the world economy, particularly in the field of balance of payments, maintaining stable export growth, expanding domestic demand, strong performance in rural and agricultural sectors and maintaining an overall growth rate of 6%, the Finance Ministers that Bangladesh said legally earned financial support by the World Bank for additional investment had thus a, to achieve them.

Muhith, the Governor of the World Bank and the IMF for Bangladesh, said Bangladesh has placed poverty alleviation for its development efforts and associated with up to 53.12% of the budget for poverty, the reduction in spending.

On the experience of the global financial crisis, the Finance Minister urged the President to restructure the global financial, monetary, and architecture.

He suggested, that the G20 or the Board of Governors as an agenda Subscribe topic should initiate a meaningful restructuring of the global financial system restructuring.

He makes concrete proposals for reflection G20 be informal mechanism, raised some legal court, managing liquidity of the global public sector, including monitoring and control of the IMF.

It reaffirms the need for a strengthened focus by the World Bank with the mediation of surplus resources for investment in deficit, increased efforts to overcome poverty and hunger, grains and petroleum to develop a pragmatic trade, financing and administration of the volatility of commodity prices, in particular the Fooed.

Muhith leads a high Bangladesh delegation to the 2011 annual meetings of the Board of Governors of the World Bank and the IMF in Washington, DC.

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| Source: newagebd.com