Dhaka, July 13 -- Finance Minister Amir Khosru Mahmud Chowdhury on Monday said the International Monetary Fund (IMF) has acknowledged the government's financial reform efforts and respected its political responsibility towards protecting public welfare as both sides discussed the framework for a new IMF-supported programme.

Speaking to reporters after a meeting with IMF Mission Chief for Bangladesh and Hong Kong, Ivo Krznar, at the Finance Ministry, the minister said the discussions focused on the foundation, sequencing and overall policy direction of a future programme rather than detailed conditions.

"The basis on which the new IMF programme will be structured has been clarified, and the IMF has agreed with the proposed framework," th...