Bangladesh Bank is set to become a much-envisaged independent regulatory body for the banking sector as the central bank prepares to place the agenda to the advisory council of the interim government this week.
Along with the bank mergers-related roadmap, the banking regulator has taken all necessary preparations to present the Bangladesh Bank Order Amendment 2025 to get final approval from the advisory council led by chief adviser of the interim government and Nobel-laureate Professor Muhammad Yunus, sources at the BB and the Ministry of Finance said.
After series of meetings, the sources said, the board members of the central bank reached a consensus on the full autonomy of the regulator couple of weeks ago before approaching for the final approval from the highest body of the government.
The moves are seen as very critical to revival of the country’s fragile financial sector, which is in the main spirits of the ongoing reform recipes being implemented by the post-uprising government.
On another ground, these are also vital because full autonomy of the central bank is one of the major conditions set by the International Monetary Fund (IMF) in its US$5.50-billion lending package meant to stabilise Bangladesh’s macroeconomic situation.বিস্তারিত