No banks to be shut down: Finance Adviser

Finance Adviser Salehuddin Ahmed

Dhaka, Nov 19 - Some banks are recovering well, while others may continue to struggle, but no banks will be shut down, said Finance Adviser Salehuddin Ahmed on Tuesday.

“Some banks are recovering. Islami Bank, the largest bank, is improving. However, some banks will continue to struggle. But we will not shut down any bank,” he said while speaking at a press conference at the Secretariat, organised by the Ministry of Finance.

The Finance Adviser mentioned the government’s commitment to stabilize the banking sector despite challenges.

He also focused on fiscal management, mentioning that measures are being taken to reduce government expenditure. “Salaries and allowances for government officials will not be impacted,” he assured.

Referring to the Annual Development Programme (ADP), Dr Salehuddin Ahmed mentioned that projects deemed unnecessary or influenced by political considerations are being reviewed for possible adjustments.

Finance Secretary Dr Md Khairuzzaman Majumdar, Secretary of the Financial Institutions Division Nazma Mobarak, Secretary of the Economic Relations Division (ERD) Md Shahriar Kader Siddiqui, and National Board of Revenue (NBR) Chairman Md Abdur Rahman Khan were also present at the press conference.-UNB