Dhaka: New Bangladesh Bank Governor Md. Mostaqur Rahman has outlined a strategic vision to transition the national economy from “low-level equilibrium” to investment-driven growth. On his first day in office, a day after his appointment, the new Governor held a meeting with deputy governors and executive directors at Bangladesh Bank to outline his vision and priorities.
According to United News of Bangladesh, the Governor emphasized maintaining macroeconomic stability while steering the economy towards inclusive growth, central bank spokesperson Arief Hossain Khan told reporters after the meeting. The governor noted that while the interim government has brought the economy out of a “fragile state” to a level of stability, the current challenge is to ensure macroeconomic stability while fostering growth that creates jobs.
He issued an 11-point directive to senior management to guide the central bank’s future operations. The directives focus on maintaining macroeconomic stability, ensuring inclusive growth to maximize employment generation, and taking steps to reopen closed factories and commercial enterprises to inject momentum into the economy. Additionally, the Governor called for an evaluation of high interest rates to encourage increased investment and prioritization of price stability to control inflation.
The directives also include ensuring transparency and accountability across the banking sector, moving toward objective-based results in policy decisions, and implementing a strict rule-based management system within the central bank. The Governor emphasized increasing the delegation of authority to enhance work speed and efficiency, working in close coordination with other government agencies, and upholding and enhancing the professional image and prestige of Bangladesh Bank.