Tk60,000cr needed per year for banking sector reform: BB governor

Bangladesh Bank Governor Md Mostaqur Rahman has said the government might have to provide Tk60,000 crore per year for reforming the banking sector and recover from the losses caused by financial irregularities and looting.

“The money might be needed for the next five to eight years. The burden would finally fall on the shoulders of the next generation. They would have jobs, do businesses and give taxes, but their money would be spent long before they would be able to enjoy the benefits” the governor said.

The governor made the remarks at the Fifth Bangladesh Economic Conference 2026 held at the Pan Pacific Sonargaon in the capital on Saturday.

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Speaking at a session titled “Macroeconomy, Investment and Economic Stability”, the governor said, “The country’s foreign exchange reserve was not in a good shape when I took the responsibility in 2024. Various sectors of the economy, including the private sector, were facing adverse situations. Crisis in the banking sector soon followed, and one-third of the money from this sector was looted.”

Highlighting the importance of banking sector reform, the governor added, “We have requested the government to provide Tk60,000 crore per year to rebuild the banking sector. The money might be needed for the next five to eight years, and it is very unfortunate because the next generation would have to carry the burden.”

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