Dhaka, Oct. 12 -- The government intends to implement the reforms as part of the loan conditions of the World Bank and the International Monetary Fund (IMF) in phases, Finance Minister Amir Khosru Mahmud Chowdhury has said.

The minister said Bangladesh put forward this proposal during the annual meetings of the IMF and the World Bank group, which commenced in Bangkok, Thailand, on Monday.

Speaking at a briefing following the meeting, Amir Khosru said: "Where there are differences in one or two areas, we have suggested 'sequencing'. The issue will be resolved step-by-step."

Explaining the rationale, he added: "As we have said previously, our government was elected by the people. We came to power with a manifesto presented to the public....