State of the Bangladesh Economy in FY2023-24 (First Reading)
Independent Review of
RBD
Bangladesh's Development
Hope for a sound banking sector fading away fast
☐ Bangladesh's banking sector has consistently demonstrated vulnerability, primarily because
of a lack of good governance and a dearth of reforms.
Its weaknesses have been consistently exposed through high loan default rates
and sub-par performance across various indicators.
This inherent fragility presents significant risks to the overall economy.
☐ Regrettably, the government's commitments to safeguard the banking sector remain unmet.
□ Considering recurrent instances of fraudulent activities and irregularities, the
actions implemented by the government have been insufficient.
□Non-performing loans (NPLs) remain unchecked, threatening the health of the country's
financial system.
☐ Crony capitalists have used banks as vehicles for reaching their goal of financial oligarchy.
This section briefly presents the performance of some key indicators in recent periods and
makes a few recommendations to overcome the challenges.
CPD (2023): State of the Bangladesh Economy in FY2023-24 (First Reading)
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