** People rescuing an injured passenger from inside a passenger bus hit by a truck on Dhaka-Mawa Expressway in Shologhar area of Shreenagar upazila in Munshiganj on Thursday. ** Motorcycles allowed on Padma Bridge after 10 months ** Commuters charge extra fare, passengers disappointed ** 78 people killed in Yemen stampede ** Moon sighting committee meets today to ascertain Eid day ** 9 killed in road accidents in 3 districts ** US announces new $325 m military aid package for Ukraine ** Eid-ul-Fitr in Saudi Arabia today ** Eid exodus begins ** LPG price cut illusive ** 15 hurt as bus overturns in capital ** New interbank cheque clearing timings set for Eid holidays ** Four women hit by a train die in Tangail ** 12.28 lakh SIM users left Dhaka on Tuesday ** Sylhet engineer threatened over power outage ** People rush to village homes to spend Eid holidays with their near and dear ones. This photo was taken from Sadarghat Launch Terminal on Tuesday. NN photo ** Surge in cases of dehydration, diarrhoea amid summer heat wave ** Padma Bridge construction cost increases by Tk 2,412cr ** PM gives Tk 90m to Bangabazar fire victims ** Textile workers block highway demanding wage, Eid bonus ** Attack on PM's motorcade Ex-BNP MP, 3 others get life term ** Load-shedding increases for demand of electricity during heat wave ** Motorbikes to be allowed on Padma bridge from Thursday ** 5-day Eid vacation begins from today ** Take Nangalkot train accident as a warning about negligence of govt functionaries **

IMF aid programs mostly help but need fine-tuning

22 May 2019 AFP, Washington

Three-quarters of International Monetary Fund aid programs over a six-year period attained their goals fully or partially but there were some failings, including rose-colored growth forecasts, the fund said Monday.
Between 2011 and 2017, the IMF oversaw 133 economic aid programs for member countries, according to a review, the results of which were released Monday by the fund.
"The review found three-quarters of IMF programs were successful or partially successful in achieving their objectives, such as resolving balance of payments problems and fostering economic growth," the review's authors said in a joint blog post.
Martin Muehleisen, head of the department which conducted the review, Petya Koeva Brooks, the deputy director, and economist Chad Steinberg, said this was the first time such a review of IMF programs had been carried out since the global financial crisis, "a period of unexpectedly slow economic growth."
The review showed that member states turn to the IMF when they are already facing major threats to economic and financial stability.
As a result, IMF programs often serve as "shock absorbers," allowing countries to meet their immediate financial needs while considerably softening blows to their economies, they said.
Furthermore, aid served as a catalyst, helping recipients to obtain financing from other official lenders and donors, according to the report, which was presented to the IMF's board early this month.

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