FROM PAGE B1

Jeong, ADB country director for Bangladesh, said in the report.

Recent data from Bangladesh Bank show early signs of recovery. In July, letters of credit for capital machinery imports rose 0.72 percent, while total imports increased over 19 percent and exports grew 27 percent year-on-year.

However, private sector credit growth continued to decline in August, falling to 6.35 percent, following a multi-month downward trend.

The Bangladesh Bureau of Statistics (BBS) has already published the provisional GDP growth figure for the last fiscal year, which stands at 3.8 percent.

According to the IMF’s latest projection, inflation in the current fiscal year is expected to be 8.7 percent, down from 10 percent in the previous year.