Bangladesh : Staff Report for the 2013 Article IV Consultation and Third Review Under the Extended Credit Facility and Request for Modification of Performance Criteria

Cover -- CONTENTS -- GLOSSARY -- CONTEXT -- MACROECONOMIC DEVELOPMENTS -- OUTLOOK AND RISKS -- MACROECONOMIC POLICIES -- STRUCTURAL REFORMS -- A. Safeguarding Fiscal Sustainability -- B. Strengthening the Financial Sector -- C. Boosting Inclusive Growth -- MISCELLANEOUS ISSUES -- STAFF APPRAISAL -- BOXES -- 1. Achievements Under the ECF-Supported Program at Midpoint -- 2. External Sector Assessment -- 3. Risk Assessment Matrix -- 4. Exploring a Tail Risk Event: Trade Shock from the European Union -- 5. Spillovers from Recent Developments in India -- 6. Main Findings from the Diagnostic Examinations of the State-Owned Commercial Banks -- FIGURES -- 1. Selected Performance Criteria and Indicative Targets -- 2. Exports and Remittances -- 3. Real and External Sector Developments -- 4. Fiscal Developments -- 5. Monetary and Financial Market Developments -- TABLES -- 1. Millennium Development Goals, 1990-2015 -- 2. Selected Economic Indicators, FY2011-15 -- 3. Balance of Payments, FY2011-19 -- 4. Monetary Accounts, June 2011-December 2014 -- 5a. Central Government Operations, FY2011-15 -- 5b. Central Government Operations, GFSM 2001 Classification, FY2011-14 -- 6. Financial Soundness Indicators of Banks, 2006-13 -- 7. Near and Medium-Term Outlook, FY2011-19 -- 8. External Financing Requirements and Sources, FY2011-19 -- 9. Indicators of the Capacity to Repay the IMF, FY2011-25 -- 10. Proposed Schedule of Disbursement and Timing of ECF Arrangement Reviews -- APPENDICES -- I. Letter of Intent -- Attachment 1. Memorandum of Economic and Financial Policies -- Attachment 2. Technical Memorandum of Understanding -- II. On the Road of Inclusive Growth -- III. Opportunities and Challenges for the Ready-Made Garment Sector -- IV. Assessing Fiscal Risks in Bangladesh -- CONTENTS -- FUND RELATIONS -- IMF-WORLD BANK COLLABORATION.