IMF seeks update on list of willful defaulters

IMF seeks update on list of willful defaulters

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At the meeting, the Financial Institutions Division presented updates on defaulted loans and other parameters in four state-run banks, liquidity crisis in the banking sector, risk management, recapitalization in banks, foreign exchange crisis and introduction of laws regarding the financial sector. ,

When asked about the issue, former Bangladesh Bank governor Salehuddin Ahmed said, “What the IMF is saying now, or will say in the future, on banking sector reforms, we have been talking about those issues for a long time. But the government is not paying any attention.”

Regarding the crisis in the banking sector, he said that the crisis is so serious that officials are now trying to find a solution in the merger of banks. He became skeptical about its success and stressed the need for political will.

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