Finance Minister
Banking sector reforms must be based on reality
This government-backed family has become a liability to the banking sector. Dr. Mansur also announced that the Bank Resolution Act is being formulated to address banking failures. Some state-owned banks are also struggling, and measures will be taken to prevent the Financial Institutions Division of the Ministry of Finance from interfering in banking operations. The Bangladesh Bank will be allowed to function independently. However, the Governor did not explicitly state what would happen to banks that cannot be saved or how they would be phased out. His remarks, however, indicate that major changes are on the horizon for the banking industry.
Time to initiate urgent reforms in the banking sector
After the students' movement, an interim government assumed the responsibility of state management under special circumstances. The interim government is now passing three months in office. Public expectations from this government are very high. People hope that it will steer the country towards sustainable development by addressing the various damages created in society. However, there are growing concerns that public trust in the interim government is gradually fading. Although several commissions have been formed for reforms in various sectors, the general public is not well-informed about their activities and progress. In particular, there is skepticism about what the interim government is planning regarding the troubled banking sector and how much of that we will be able to see reflected in the future.
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Ban unnecessary foreign trips of government officials
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