Economic Reporter :
Bangladesh’s economy is not growing fast due to excess loan default, high lending rate and weak corporate governance in banking sector, said the International Monetary Fund (IMF) delegation led by Rodrigo Cubero, Deputy Division Chief, IMF Asia and Pacific Region.
The IMF official told this to reporters after a meeting with Finance Minister Abul Maal Abdul Muhith in the conference room of the Foreign Ministry in the city on Tuesday.
“Bangladesh occupied the lower position in the globe for collecting revenue, which is hampering the GDP growth of the country. “If the government can collect more revenue, the GDP growth of the country will rise,” Rodrigo Rodrigo said.
Earlier, the IMF official called upon the Bangladesh government to address six major issues to boost economic growth. The issues are: major infrastructures, availability of land, risk management in financial sector, revenue collection, effective policy on energy and power, and tackling the impact of climate change.
