ADB, Bangladesh Bank discuss banking reforms

Asian Development Bank (ADB) Vice President for South, Central and West Asia Yingming Yang met Bangladesh Bank Governor Mostaqur Rahman on Thursday to discuss banking sector reforms, bank restructuring and recapitalisation, with a focus on building a more stable and resilient financial system.

According to a press release, the meeting also explored potential ADB support for strengthening financial sector stability and institutional capacity.

Bangladesh Bank Deputy Governors Md Habibur Rahman and Dr Md Kabir Ahmed, along with senior officials from the Financial Sector Support and Strategic Planning Department (FSSSPD), attended the meeting.

The discussions covered ongoing reforms in the banking sector, restructuring and recapitalisation of banks, and measures to improve the overall capacity and stability of the financial system.

The governor reaffirmed the central bank’s commitment to carrying out necessary reforms in the banking sector and the wider financial system.

Yingming Yang welcomed the commitment and expressed ADB’s interest in continuing its cooperation and support for Bangladesh’s reform efforts.

Both sides also agreed to strengthen cooperation to help build a stronger, more stable and sustainable financial sector.