Finance Minister AHM Mustafa Kamal on Tuesday (January 9) said that achieving the forex reserve target set by the International Monetary Fund (IMF) is impossible for Bangladesh.

Kamal said while talking to reporters at his office in the Secretariat in the capital today.   

He said, “Bangladesh's economy, both in net and gross, is in a good condition. But, fulfilling the target of forex reserve set by the IMF is not possible.” 

The minister said Bangladesh's foreign exchange reserves remain in a stronger position amid the volatile situation prevailing across the world.

“The government tries to keep up the forex reserves over $30 billion by this year, which was around $26 billion in the last year,” he said.

Kamal said that fulfilling the IMF’s conditions of the foreign reserves target for Bangladesh could not be met considering the realistic situation of the economy.

However, Prime Minister Sheikh Hasina said that the government's challenge will be the economy. So, the economy will be given importance, he pointed out.

BDST: 2059 HRS, JAN 09, 2024
MSK