Q. Which country is set to adopt the IMF mandated method to calculate its Forex reserve?
Answer:
Bangladesh
Notes: Bangladesh is set to adopt the International Monetary Fund (IMF) mandated method to calculate its foreign reserves.
The calculation of foreign exchange holdings of the country will now be In line with the IMF’s 6th edition of the Balance of Payment and International Investment Position Manual (BMM6). Moving to the IMF methodology would take out the amount committed by the government to the export development fund worth USD 6 billions.