Reforms in the financial sector necessary to get rid of default loans

Even though the amount of our default loans is over Tk 130,000 crore according to the government accounts, it is almost over Tk. 300,000 crore according to IMF data. Why is the amount of default loans increasing day by day? Why is the government not taking any steps against loan defaulters? What sort of reforms can be done at this moment to get rid of default loans? Dr Ahsan H Mansur, Executive Director of Policy Research Institute of Bangladesh (PRI), speaks to The Daily Star Opinion.

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Loan defaulters are putting the banking sector at risk