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Macro-economic review

High-powered JICA team to visit BD April 08-18

| Updated: April 07, 2019 10:50:54


High-powered JICA team to visit BD April 08-18

The Japan International Cooperation Agency (JICA) is interested to know about the latest situation of the country's foreign trade, monetary issues and banking sector through assessing its macro-economic performance.

As part of the move, the JICA is set to dispatch a high-powered Macro-economic Review Mission to Bangladesh on April 08-18, officials said.

Tetsuya Harada, senior director of credit risk analysis division of JICA headquarters, will led the mission in meetings with the high-ups of Bangladesh's key ministries, central bank and development partners.

The mission is scheduled to meet senior officials of the Bangladesh Bank (BB) on April 10 to discuss about the monetary policy, exchange rate, foreign exchange reserve, public debt management, securities market development, banking sector supervision and regulation, and financial sector development of Bangladesh.

The JICA mission is interested to know about the government's plans for reforming the public sector banks, which have been burdened with high volume of non-performing loans (NPLs), according to a central banker.

The mission has also expressed willingness to know about the plans for developing the capital market and the bond market, he added.

"We're taking preparations to inform the mission of the latest development of different monetary issues, securities market and balance of payments (BoP) as per their requirements," a BB senior official told the FE on Friday.

The mission is also interested to know about the impact of starting liquefied natural gas (LNG) import on current account deficit in the near- and mid-term, he added.

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