IMF sees more energy subsidy cuts in Bangladesh

Bangladesh raised retail electricity prices by 5% on Jan 31 for the second time in a month. — Reuters

WASHINGTON: The International Monetary Fund (IMF) expects Bangladesh to keep reducing energy subsidies to free resources that the nation needs as it faces a financing gap of US$9bil (RM38.2bil) over four years, according to a report from the lender.

“Not all subsidies are helping the poor and vulnerable,” Rahul Anand, IMF’s mission chief to Bangladesh said.

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Bangladesh , IMF , energy , subsidies , financialgap , rch , poor


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