The most worrying sector in the banking sector: the World Bank
In the case of risk, banking sector is the most worrying sector at the moment. To prevent corruption in this sector, initiative will be taken to manage risk. For this, the bank will have to increase the supervision. To improve the legal and financial structure of the loan repayments.
On Monday, the World Bank's press conference, chief of the Dhaka office's chief economist Zahid Hossain, said this while addressing the updated situation of the economy. He said, although the state-owned bank does not have liquidity crisis, the default loan is much more. Again, there are several private banks with liquidity crisis.
Bangladesh Development Update was released at the press conference held at the World Bank Office of Agargaon.
The World Bank also said that there has not been significant change in the recent defaulting loan. This is one of the reasons for the deficit of capital. For a few years, the budget has been financed by the budget. According to him, monetary policy has now become expansionary. According to the pace and nature of the global economy, there should be a precautionary monetary policy.
The Bangladesh Bureau of Statistics (BBS) has temporarily calculated that 7 percent of the current fiscal year will be 65 percent of the country's total production growth. The World Bank has expressed doubts about this account. The World Bank has asked some questions about the growth figure. The questions are so much economic growth or the use of economics or artificially created? There is no evidence of structural change for so much growth or increased productivity? Again, there was no legal change, oil prices did not fall, there was no reason for comfort.
However, the World Bank thinks there is a possibility of achieving growth of 6.5 to 6.6 percent in this country. It has passed as a government.
Zahid Hossain said on this issue, there are large-scale institutional requirements for actual calculation of national income. BBS can collect information from the jail. Many economists say that BBS is like Supreme Court. Since there is no legal issue here. So we can raise questions. It needs to be analyzed further.