Bangladesh’s economic potential is unlimited, but so are the risks: BB Governor

Bangladesh Bank Governor Dr Ahsan H Mansur said that while Bangladesh’s economy holds limitless potential, there are equally unlimited risks that could undermine it.

He made the remark on Tuesday (June 24) at a hotel in Dhaka during the launch event of Google Pay.

Ahsan H Mansur said, “The value of our currency will not be determined by foreign countries. There is no justification for even a slight devaluation without valid reasons. We must work collectively, or else vested interests may exploit the situation and undermine our economic potential.”

“To bring discipline to the banking sector, risk-based supervision will be introduced from January, and by the end of the year, several banks will undergo mergers,” he added.

Highlighting progress in curbing inflation, the Governor said, “Bringing inflation fully under control will take more time. However, the investment climate is improving significantly. Spreading misinformation that discourages foreign investment and technology adoption is not acceptable.”