প্রকাশ: 01/11/2022
The visiting delegation of the International Monetary Fund
(IMF) on Monday discussed with Bangladesh Bank on banking supervision update,
strategic planning for the financial sector, and risk management issues, said
officials with knowledge of the meeting.
Deputy governors AKM Sajedur Rahman Khan, Abu Farah Md.
Nasser and senior officials of the central bank joined the discussion.
The IMF team has recommended that the definition of
non-performing loans be brought to international standards. If not, there will
be questions regarding Bangladesh’s banking sector in the international arena.
Besides, IMF has also asked to publish the correct
information on defaulted loans. As per IMF, the ratio of defaulted loans is
much higher than the central bank data, said sources close to the discussion.
According to international standards, the default loan ratio
is considered tolerable up to a maximum of 3 percent. But in Bangladesh, this
ratio is about 9 percent. This ratio is more than 20 percent in government
banks.
IMF has raised several questions in this regard. The
organization has also expressed concerns over suspicious transactions and money
laundering.
Bangladesh Bank's spokesperson GM Abul Kalam Azad said the
central bank’s discussion on Monday was fruitful and discussions will continue
till November 9, 2022.
Under three schemes — Extended Credit Facility, Rapid
Financing Instrument, and Rapid Credit Facility — a total of $4.5 billion has
been sought from the IMF. Bangladesh Bank is optimistic about getting the
loans.
The IMF delegation arrived in Bangladesh on October 26 to discuss
conditions for releasing $4.5 billion loans for budget support to the country.
Bangladesh’s mission chief and senior economist of Washington-based
international lender Rahul Anand led the IMF team in the discussion with
Bangladesh.
- UNB
প্রধান সম্পাদকঃ সৈয়দ বোরহান কবীর
ক্রিয়েটিভ মিডিয়া লিমিটেডের অঙ্গ প্রতিষ্ঠান
বার্তা এবং বাণিজ্যিক কার্যালয়ঃ ২/৩ , ব্লক - ডি , লালমাটিয়া , ঢাকা -১২০৭
নিবন্ধিত ঠিকানাঃ বাড়ি# ৪৩ (লেভেল-৫) , রোড#১৬ নতুন (পুরাতন ২৭) , ধানমন্ডি , ঢাকা- ১২০৯
ফোনঃ +৮৮-০২৯১২৩৬৭৭