Crony capitalism is deeply ingrained and has gotten in the way of a truly dynamic and inclusive economy in Bangladesh.
Good governance and adequate legal infrastructure—relevant laws, courts and impartial judges—need to be established.
But its objectives must be clearly defined and regularly scrutinised
The amount of bad loans has been spiralling in Bangladesh owing to rampant politically-motivated lending and inadequate credit risk management, according to a World Bank report.
The central bank said in quarterly review on money and exchange rate
It is alleged that a group of politically-connected people took out large loans from state-owned commercial banks (SOCBs) and intentionally defaulted on them.
It is high time our authorities dealt with loan defaulters and money launderers with utmost importance.
Crony capitalism is deeply ingrained and has gotten in the way of a truly dynamic and inclusive economy in Bangladesh.
Good governance and adequate legal infrastructure—relevant laws, courts and impartial judges—need to be established.
But its objectives must be clearly defined and regularly scrutinised
The amount of bad loans has been spiralling in Bangladesh owing to rampant politically-motivated lending and inadequate credit risk management, according to a World Bank report.
The central bank said in quarterly review on money and exchange rate
It is alleged that a group of politically-connected people took out large loans from state-owned commercial banks (SOCBs) and intentionally defaulted on them.
It is high time our authorities dealt with loan defaulters and money launderers with utmost importance.
