Bangladesh Bank will provide policy support and incentives to reopen closed factories in the country. At the same time, necessary support will be provided to return the economy to a growth- and employment-oriented trend, said the new governor of the central bank Md Mostakur Rahman.
This information was given by the bank's spokesperson, Arif Hossain Khan, at an emergency press conference organized at Bangladesh Bank on Thursday (February 26) afternoon.
Earlier on the same day, Governor Mostakur Rahman joined Bangladesh Bank for the first time after assuming office at 10:40 am. Later, he held a meeting with top-level officials.
A press conference was organized to announce the decision of that meeting.
The spokesman said that in the meeting, the governor spoke about the central bank's active cooperation in the initiative to reopen closed factories.
He especially emphasized policy support, necessary incentives and strengthening coordination in the banking sector to revive the industries that have been closed for various reasons in the last one and a half years.
The governor expressed hope that this would increase production and create new employment opportunities.
He also mentioned giving priority to controlling inflation in the meeting. He said that the central bank will be vigilant in keeping commodity prices stable in line with the purchasing power of the common man.
Governor Mostakur Rahman also said that necessary steps will be taken after reviewing the issue of high interest rates that are creating obstacles to investment.
He further said that emphasis will be given to bringing a balance between interest rates and credit flow to increase economic momentum.
In addition, the governor pledged to make the decision-making process completely rule-based and non-discriminatory to ensure institutional good governance.
He also mentioned increasing the responsibilities and decision-making power of officials at different levels through decentralization of power to increase the speed of work.
The governor said that the economy will be given a new impetus based on the macroeconomic stability achieved during the previous interim government. The central bank will continue its policy support with a view to increasing production, investment and employment.
