So much for restoring good governance and holding bank ‘looters’ accountable

 Last week the cabinet of Bangladesh okayed the draft Bank Company Act 2023 with an expressed intention to improve financial governance in our country. It was desired that if implemented properly, it could have major consequences for popularly known willful loan defaulters as well as the way our bank boards are formed and run.

Approval of draft Bank Company Act gives hope but enforcement is key

STANDARD & Poor (S&P), the global rating agency has reaffirmed the 'BB-' long-term sovereign rating for the country.