The Bangladesh Bureau of Statistics (BBS) is all set to prepare and release quarterly reports on the country's gross domestic product (GDP) from 2024.
The move comes following conditions put forth by the International Monetary Fund (IMF) for the $4.7 billion loan for Bangladesh.
Besides, the BBS also finished compiling all necessary data related to the country's GDP spanning 50 years since independence.
BBS Director General Md Matiar Rahman revealed the information following a meeting with a delegation of the IMF in Dhaka on Tuesday.
"We are working as per the directives issued by the Finance Division who are realizing guidelines set by the IMF," he also said.
"We have also informed the international lender about updating our consumer price index (CPI). Data related to 722 food and non-food items under total 12 categories have been taken instead of the current 412 items under eight categories.
The updated list has been in effect since April although initial plans were for the month of July, the BBS DG added.
Secretary of Statistics and Information Management Department Shahnaz Arefin among other senior officials of BBS were present at the meeting.