Breaking News
August 16, 2022 - BNP is byproduct of Bangabandhu killing: Hasan
August 16, 2022 - President hosts milad at Bangabhaban on National Mourning Day
August 16, 2022 - National Mourning Day observed with due solemnity
August 16, 2022 - PM pays homage to Bangabandhu
August 12, 2022 - n My View Bangladesh performs poorly in global ranking of universities
August 12, 2022 - BD to import 3 lakh tonnes of wheat from Russia
August 12, 2022 - Tarek Reaz Khan, Managing Director and CEO of Padma Bank Limited and Mustafa Rafiqul Islam, Chairman & Managing Director of Flora Systems Limited, exchange document after signing an agreement regarding the Digital Transformation of the bank at it’s corporate head office in the city on Wednesday. Top officials from both sides were present.
August 11, 2022 - Socio economic impacts of fuel price hike
August 11, 2022 - Mahtabur re-elected NRB Bank chairman
August 11, 2022 - Abdul Kadir Molla, Chairman, Board of Directors of South Bangla Agriculture & Commerce (SBAC) Bank Limited, presides over its 148th meeting at its head office in the capital recently. Directors and other top executives of the bank were present.
August 11, 2022 - Syed Waseque Md Ali, Managing Director of First Security Islami Bank Limited and Md. Adil Hossain Nobel, Chief Enterprise Business Officer of Robi Axiata Limited, exchange document after signing an agreement in the capital recently.Under the deal, the bank will get corporate SIM connection, Bulk SMS services and Bank’s Mobile App ‘FSIBL Cloud’ user will enjoy free internet data in Robi mobile operator. Top officials from both sides were present.
August 9, 2022 - Walton Hi-Tech Industries PLC’s MD and CEO Golam Murshed is unveiling Krystaline Preto Series 3-in-one converter AC with Bluetooth and Air Plasma technology.
August 9, 2022 - GP honoured as a top taxpayer for FY22
August 9, 2022 - Rafiqul made Shimanto Bank’s MD
August 9, 2022 - Building material exports Cement makers seek 10pc cash stimulus
August 9, 2022 - RMG exports to US see 60pc growth in first half of 2022
August 9, 2022 - Eyewitness revisits August 15 episode at 32 Dhanmondi
July 25, 2022 - Ahsan-uz Zaman, Managing Director & CEO of Midland Bank Limited, presiding over the Half Yearly Business Review Conference 2022 of Institutional Banking and Treasury Divisions of the bank at its head office in the capital recently. Md. Zahid Hossain, DMD and other senior executives of the bank were present.
July 25, 2022 - Mohammed Monirul Moula, Managing Director and CEO of Islami Bank Bangladesh Limited, speaking at Half-Yearly Business Development Conference organised by the bank’s Dhaka Central Zone & Corporate Branches at its head office in the capital on Sunday. Muhammad Qaisar Ali, AMD, J Q M Habibullah, DMD, Mohammad Jamal Uddin Mazumder and Mohammod Ullah, SEVP of the bank were present.
June 13, 2022 - Proposed budget seems to be a challenging one: BCI
June 13, 2022 - Equip ‘testing labs’ with modern tech for int’l accreditation: DCCI
June 9, 2022 - Six-Point Demand led to liberation: Joy
May 26, 2022 - Chevron: Soft Skill Bangla App “uttoron” Launching Ceremony
May 26, 2022 - Take care of environment while taking up development projects: PM
May 26, 2022 - Tourism must grow enabling Bangladesh to achieve SDGs: FBCCI
May 26, 2022 - A five-member delegation led by Bangladesh Chamber of Industries (BCI) President Anwar-ul-Azim holding a meeting with Dr Angelika Fleddermann, Country Director of GIZ at the latter’s office in the city on Tuesday.
May 26, 2022 - Modhumoti Bank Limited, rec has been awarded with Letter of Appreciation by Bangladesh Bank (BB) for 100% disbursement of special stimulus refinance scheme for Covid-19 affected agricultural sector. BB Governor Fazle Kabir handed over the letter to Md. Md. Shafiul Azam, Managing Director & CEO of Modhumoti Bank Limited, at BB headquarters recently. Top executives from both sides were present.
May 26, 2022 - Energy-power sector master plan to be ready by Nov
May 26, 2022 - Hassan O. Rashid, Managing Director & CEO of Prime Bank Limited, inaugurates the first-ever 24X5 Trade Shop Service Initiative at a programme in the capital recently. Top officials of the bank were present.
May 23, 2022 - Big, Bold, Beautiful: The all-new Nissan Magnite launched in Bangladesh Loaded with first-in-class features, the B-SUV combines a ‘carismatic’ design, powerful performance and advanced technologies to be the ideal companion for city adventures
Developmental central banking key to BD’s faster recovery

Developmental central banking key to BD’s faster recovery

The developmental central banking helped Bangladesh overcome both global financial crisis and the ongoing pandemic as it tried to pursue multiple targets with multiple instruments. Inflation targeting was not its only job. It touched the ground and worked for many. Dr. Atiur Rahman, former Governor of Bangladesh Bank said this at a special discussion meeting organized by the Nepal Rastra Bank at the hotel Marriot in Kathmandu yesterday (26 November).

Chaired by NRB Governor Mr. Maha Prasad Adhikari the program was also participated by Dr. D. Subbarao, former Governor of Reserve Bank of India. This program was organized by Nepal Rastra Bank to share knowledge on central banking with its high officials including Deputy Governors, Board Members, Executive Directors and Directors.

Dr. Rahman in his presentation further said that the central banking in Bangladesh is well known for its innovative programs like financial inclusion, promotion of agriculture and SMEs, women empowerment through refinance, green finance and supporting the government with enough money by expanding its own balance. Its environment, social and governance risk management policy has been pioneering in the world to address climate change.

While doing all this it never forgot its main job of inflation control as well. A strong financial sector also helped Bangladesh reach the bottom of the social pyramid to promote social protection and the real economy. The digital financial services through mobile financial services and agent banking proved critical in early recovery of Bangladesh from the pandemic.

This policy worked for many and not a few. The early policy moves including a huge stimulus package of nearly five percent of GDP helped distressed people cope with the crisis and provided cushion during the shocks.The sustainable finance policy of Bangladesh’s central bank will surely reinforce longer-term climate-friendly initiatives of the government, said Dr. Rahman.

He said the central banking in Bangladesh has proved that developing countries must avoid the policy of ‘one size fits all’ and broaden its focus beyond inflation targeting to support broad-based development processes. For that matter the drive for digitization must continue along with remaining committed to ‘learning by doing approach’ which has been paying Bangladesh so well Dr. Subbarao said that Bangladesh central banking has been led by its leadership with heart and not only head in promoting innovations.

While talking about his own experiences Dr. Subbarao emphasized on credible, down to earth and precise communication by the central bankers to give right signal to the markets. He also favored financial inclusion and making central bank a knowledge institution. The Nepalese Central Bank Governor welcomed knowledge sharing among the central bankers particularly in the wake of the pandemic which has created so many challenges for the economy. He also called for more connectivity and bilateral cooperation in the subregion.

About author

AWARD

Pori to act in Tauquir’s next

Pori to act in Tauquir’s next

RN Desk;Pori Moni will be seen as the heroine in Tauquir Ahmed’s next film. She will be accompanied by Lux…

Reflection Team

বাংলা

আবদুল্লাহ বঙ্গবন্ধুর আদর্শের পরীক্ষিত সৈনিক ছিলেন: প্রধানমন্ত্রী

আবদুল্লাহ বঙ্গবন্ধুর আদর্শের পরীক্ষিত সৈনিক ছিলেন: প্রধানমন্ত্রী

: প্রধানমন্ত্রী শেখ হাসিনা ধর্ম বিষয়ক প্রতিমন্ত্রী ও একাত্তরের মুক্তিযুদ্ধের প্রবীণ নেতা অ্যাডভোকেট শেখ মোহাম্মদ আবদুল্লাহর মৃত্যুতে শোক জানিয়েছেন। এক…

Recent Video

Photo Gallery

Folder not found
wp-content/uploads/2012/02/