He explained that the two global financial institutions are coordinating forces across ‘four primary pillars’ to drive revenue growth
Representational image of IMF and World Bank. Photo: Collected
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Representational image of IMF and World Bank. Photo: Collected
The International Monetary Fund (IMF) and the World Bank have officially begun a joint initiative aimed at enhancing revenue mobilisation and separating the National Board of Revenue (NBR) into distinct policy and administrative bodies.
Chris Papageorgiou, chief of the Development Macroeconomics Division in the IMF’s Research Department, confirmed this development during a virtual briefing with Bangladeshi journalists from Washington today (29 June).
“This is starting now. We are in discussions with the authorities,” Papageorgiou said, describing the “Joint Revenue Mobilisation Initiative.”
He explained that the two global financial institutions are coordinating forces across “four primary pillars” to drive revenue growth.
The IMF official said, “These pillars encompass both ‘policy measures’ and ‘structural measures like the separation of policy and administration’ within the NBR.
Addressing concerns about the ambitious Tk2.40 trillion revenue target set for Bangladesh by December 2026, particularly amid ongoing societal challenges, Papageorgiou acknowledged the “difficult environment.”
However, he said the target was designed to be “ambitious but achievable.”