IMF team postpones Dhaka visit

FT ONLINE

The International Monetary Fund, or IMF, has postponed the visit of its delegation to Dhaka as coronavirus spread shows no sign of slowing down. The Ministry of Finance confirmed the information Thursday.

The International Monetary Fund has initiated a move to assess the tax expenditure in Bangladesh. As part of the move, the IMF team was scheduled to carry out the 'Bangladesh tax expenditure assessment' from March 8 to 19.   

The visit has been postponed because of the coronavirus outbreak, said a ministry letter sent to relevant offices.

The IMF delegation was scheduled to share its feedback with the macro-economic wing of the Ministry of Finance.

Upon completion of the assessment, the team was supposed to hand over a draft report and give a presentation on the tax expenditure of Bangladesh to the ministry.