The completion of the new voters list is a huge achievement for Bangladesh's caretaker government, which has promised to reform corrupt institutions and hold free elections by the end of December.
It came to power a year and a half ago, after the last elections were cancelled following months of street violence. The opposition then claimed that the electoral register contained the names of millions of fake voters. So the caretakers, and their backers in the army and international community, decided to tear it up, and start all over again.
The Election Commission now claims that the new register is the most accurate in Bangladesh's history. Military units have painstakingly recorded information on more than 80 million people. This means that the new voters list has about 13 million fewer names on it than the last, discredited one. The election commission also says that new ID cards, which will soon be printed, will make it harder for people to vote twice. The whole process has cost 80 million dollars.
In itself, however, this new register will not guarantee a credible election. There are still doubts over the participation of the main parties, dozens of whose leaders have been jailed for corruption. Also the interim government still governs by emergency rule, with the firm backing of the army. But it says that restrictions on political activities will be lifted before campaigning begins.
The IMF says the global economy is in a tough spot, caught between sharply slowing growth in many developed economies and rising inflation everywhere. The agency's chief economist Simon Johnson said this is a very difficult moment for policy makers in almost every country. The IMF is becoming increasingly concerned about inflation.
Mr Johnson said the acceleration of price rises is a serious negative development. It's partly due to the rising food and energy prices, especially oil. But the IMF says that economic policy in some developing countries is also a factor.
The report predicts a modest slowdown in growth in the developing nations and Mr Johnson says that unless they take action to prevent inflation rising further the outcome could be substantially worse.
