Finance Minister Amir Khasru Mahmud Chowdhury on Sunday said a Bank Resolution Act is necessary to place the country’s financial sector on a stronger and more disciplined footing, but stressed that the initiative is not being undertaken under pressure from donor agencies.
He made the remarks after a meeting with World Bank Vice President for South Asia Johannes Jutt at the Secretariat.
Speaking to reporters following the nearly hour-long meeting, the finance minister said the government would take all necessary steps to implement reforms aimed at strengthening the banking sector.
“The Bank Resolution Act is necessary to guide the financial sector in the right direction. This is not being done on the conditions of any donor agency; it is the government’s own initiative,” he said.
The government has already decided to formulate the law as part of efforts to establish a more effective and disciplined banking framework.
The finance minister also said discussions were held with the World Bank delegation regarding new loan assistance and possible support from the lender for the upcoming national budget.
However, the World Bank delegation did not make any official statement following the meeting.
Bd-pratidin English/ Jisan
