Finance Adviser Dr Salehuddin Ahmed said the government does not want to take a loan by complying with all the conditions of the International Monetary Fund (IMF).
He said this in response to a question from journalists after the meeting of the Advisory Council Commi-ttee on Government Procurement at the Conference Room of the Cabinet Division at the Secretariat on Tuesday.
He said, "Bangladesh is no longer dependent on the IMF and the World Bank. We do not want to take a loan by complying with all the conditions of the IMF."
Bangladesh is no longer dependent on the International Monetary Fund (IMF) and the World Bank, said Finance Adviser Dr Salehuddin Ahmed.
He said, "Bangladesh is no longer dependent on the IMF and the World Bank. We do not want to take a loan by complying with all the IMF conditions. Bangladesh's economy is better than at any time in the past. Therefore, we will not accept any condition of the lending institution against giving a loan."
He said, "The IMF wants the foreign exchange rate to be left to the market. However, it is not possible to leave it completely in the country's economic situation. We will not accept all the IMF conditions. We will make our own decisions. If the IMF gives the installment, we will pay it, or if not, we will budget according to our own wishes."
During the visit of the IMF delegation to Dhaka this month, no solution was reached regarding the exemption of US$1.3 billion in the fourth and fifth installments of the loan. They did not reach an agreement with the Bangladesh authorities on making the exchange rate more flexible and tax collection targets.
Recently, Finance Adviser Dr Salehuddin Ahmed, Governor of Bangladesh Bank Dr Ahsan H Mansur and several senior government officials recently returned home after meeting IMF officials in USA.
