<div style="text-align: justify; "><span style="font-size: 1rem;"><b>Finance Minister Abul Hassan Mahmood Ali said that there is nothing to worry about downgrading growth forecast for Bangladesh by IMF for the current fiscal year.</b></span><br></div><div style="text-align: justify; "><br></div><div style="text-align: justify;">He said he is satisfied over the recovery of Bangladesh’s economy.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The finance minister said this in response to a question from a Bangladeshi journalist on the sideline of the World Bank-IMF spring meeting in Washington DC on Tuesday.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The finance minister said that he is not too worried about the GDP growth forecast by the IMF as the country has already started to recover from crisis.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">“Initiatives taken by the government for economic reforms are working,” he said.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">Even though people are slowly getting relief, those who see negatively are not happy, he added.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The International Monetary Fund (IMF) again has revised downward the growth forecast of Bangladesh's economy to 5.7 percent for the current fiscal year of 2023-24.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The IMF made the revised projection in its World Economic Outlook released April 16.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The IMF growth forecast highlighted different global and local challenges, including persistently high inflation, unemployment, lower remittance flow, and a fell industrial investment target.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The global lender for the second time cut economic growth forecast for Bangladesh. In October last year, it projected 6 percent growth, cutting down its previous prediction from 6.5 percent for the FY2023-24, reports UNB</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">On the other hand, the IMF growth forecast comes a week after the Asian Development Bank (ADB) said Bangladesh's GDP will expand 6.1 percent in FY 2023-24, riding on exports.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">Early this month, the World Bank said Bangladesh will register subdued growth for reduced private consumption affected by high inflation.&nbsp;</div><div style="text-align: justify;"><br></div><div style="text-align: justify; ">bnbd24/fas</div>