Dhaka: International Monetary Fund (IMF) Managing Director Kristalina Georgieva today praised the leadership of Professor Muhammad Yunus, crediting him for Bangladesh's remarkable economic turnaround since assuming office as Chief Adviser of the interim government. Georgieva spoke with Professor Yunus over the phone from Washington, D.C. this evening, said a press release issued by the Chief Adviser's Press Wing here.
According to Bangladesh Sangbad Sangstha, during their conversation, they discussed Bangladesh's ongoing economic reforms, the regional landscape, and key challenges facing the country ahead of the general election scheduled for February 2026. "I am impressed by what you have achieved," said Georgieva, referring to the state of the economy when Professor Yunus assumed leadership in August last year. She commended the stabilisation of the foreign exchange market and the recovery of foreign reserves following the government's decision to introduce a market-based exchange rate.
Professor Yunus thanked the IMF Managing Director for her support during a critical juncture in Bangladesh's history. He recalled their first meeting during the UN General Assembly in New York last year, noting its pivotal role in fostering the country's path to economic recovery. Reaffirming the interim government's commitment to a timely and credible election, Professor Yunus stated that the polls would be held before the holy month of Ramadan in February next year, after which he would return to his previous work.
The IMF chief emphasised the importance of increasing domestic revenue and implementing reforms in the banking sector. "To be in a strong position, reform is inevitable. This is such a precious moment in the history of Bangladesh," Georgieva said, urging deeper reforms in the months ahead. Professor Yunus outlined key measures already undertaken, including restructuring in the banking sector and initiatives to enhance revenue collection. "We inherited a devastated and completely broken economy. Some individuals literally stole money in bags from banks and fled the country," he remarked.
The conversation also touched on regional developments, including the ongoing youth uprising in Nepal and Bangladesh's ambition to join ASEAN. Professor Yunus shared updates on Dhaka's major infrastructure drive, including new port and terminal projects aimed at enhancing regional integration. Finance Adviser Dr Salehuddin Ahmed and Finance Secretary Khairuzzaman Mozumder were present during the call.