Any success of its roadmap will depend on its enforcement

The Bangladesh Bank yesterday introduced strict measures for wilful defaulters as the authorities look to restore people’s confidence in the banking sector in the face of escalating defaulted loans.

Noted economists recommended focusing on macroeconomic stability, publishing the names of top loan defaulters, and forming a review commission on government expenditures.

Business leaders have demanded that the identities of wilful loan defaulters be disclosed for public shaming and for punishing them.

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

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