disclosure 2022-09-21 17:15:56
Bangladesh Bank has turned down the World Bank’s offer of assistance to reform the country’s banking sector. Visiting World Bank South Asia Vice President Martin Reiser offered the central bank support in exchange for the bank’s financial sector reforms.
He proposed this in a meeting with Bangladesh Bank on Monday (September 21). However, Bangladesh Bank did not respond to his proposal.
Bangladesh Bank told the World Bank that the reform of the banking sector is going on in our own way. Bank sector reform does not require assistance for now. A senior official of the central bank informed this information.
The meeting was attended by Vice President of World Bank South Asia Region Martin Reiser, Bangladesh Bank Governor Abdur Rauf Talukder, Deputy Governor Kazi Chaidur Rahman, Abu Farah Md. Dance etc.
An official of the central bank said that the meeting came up with the supply from the reserve to deal with the dollar deficit, the decrease in the reserve, the determination of the price of the dollar, exports and expatriate income. The meeting also discussed lifting the interest rate limit.
Martin Reiser spoke about the reform of the banking sector in the meeting. Meanwhile, Bangladesh Bank said that various initiatives have been taken to improve the financial sector. MoUs have been signed with weak banks. Banking sector reforms are proceeding in our own way.