An Interactive Discussion with the IMF

On Sunday, 20th January, Economics Study Center hosted representatives from the International Monetary Fund(IMF) in an interactive session about the growth prospects and threats to development for Asia and Bangladesh. Ragnar Gudmundsson, the Resident Representative of IMF in Bangladesh, conducted an insightful session about the tremendous economic growth of Asia in the past few decades. He emphasized the impact of an increased tightening of trade barriers and imposition of tariffs on Asian economies. He believed that such adverse circumstances might affect the international trade, investor's confidence and borrowing rate of Asian economies. Mr. Gudmundsson also provided guidelines as to how Asian countries should respond to such circumstances. His recommendations consisted of increased regional trade, more liberalization of Asian economies etc.