Thursday , 16 August 2018
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Why finance minister stepped off his commitment to form banking commission?

Dr. Mustafizur Rahman, Distinguished Fellow, CPD

Dr. Mustafizur Rahman, Distinguished Fellow, CPD : It is a must for us to think about our economy. We need to focus on how a sustainable economic system can be developed. We make criticism of any inconsistencies, irregularities, and corruption because we care about the state.
We do not want any discrimination or dissatisfaction. We do our best to make sure no one can wrongfully accumulate resources.
Our country is now listed as one of the developing countries, hopefully soon we will be able to reach our desired target as well. But to do so, we have to make sure we completely eliminate the obstacles on the way.
We need to take necessary steps to eliminate the corruptions and irregularities in different sectors. For instance, we already know that our banking sector is in an ill state. We already witnessed many dialogues centring many irregularities in this sector. We expected that there will be necessary initiatives in the budget to help stop these, but that didn’t happen.
There were directives for formulating a banking sector on behalf of the Centre for Policy Dialogue (CPD). We also got ressaurances from the honorable finance minister regarding this matter. He, suddenly stepping off his commitment is yet very unclear. On the contrary, the strong approach taken by the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) is very appreciable.
This is a long discussed and ongoing matter. What’s scary is that this has the capability to draw us back from the overall progress of our macroeconomics and send us towards crisis. The Anti- Corruption Commission needs to strengthen the steps they have taken in this regard for the quick disposal of the sub judice cases so the general people can restore their confidence on this sector.
Translated by Sofian Khan.

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