{"id":24802,"date":"2025-07-26T09:43:10","date_gmt":"2025-07-26T09:43:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/24802\/"},"modified":"2025-07-26T09:43:10","modified_gmt":"2025-07-26T09:43:10","slug":"salvaging-banking-sector-imf-first-estimated-18b-cost-later-revised-it-to-35b-says-finance-adviser","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/24802\/","title":{"rendered":"Salvaging banking sector: IMF first estimated $18b cost, later revised it to $35b, says finance\u00a0adviser"},"content":{"rendered":"

\u201cIMF had first estimated $18 billion would be needed but later raised the amount to $35 billion after seeing how serious the situation was,\u201d he said <\/p>\n

\n TBS Report\n <\/p>\n

\n 26 July, 2025, 02:05 pm <\/p>\n

\n Last modified: 26 July, 2025, 03:11 pm <\/p>\n

\n Dr Salehuddin Ahmed. Sketch: TBS<\/p>\n

“> <\/p>\n

\"Dr<\/p>\n

\n Dr Salehuddin Ahmed. Sketch: TBS <\/p>\n

Finance Adviser Salehuddin Ahmed today (26 July) said the International Monetary Fund (IMF) has estimated that $35 billion will be needed to restructure Bangladesh’s banking sector.<\/p>\n

“IMF had first estimated $18 billion would be needed but later raised the amount to $35 billion after seeing how serious the situation was,” he said.<\/p>\n

The adviser made the remarks while speaking as the chief guest at a book launch and discussion event for Dr Hossain Zillur Rahman’s latest book “Orthoniti, Shashon O Khomota: Japito Jiboner Alekkho” held at the CIRDAP auditorium in the capital.<\/p>\n


\n \"The
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\n <\/a><\/p>\n

“Last August, when the interim government took over, it became clear that no country in the world was facing such a situation. The economy was in a state of collapse,” he said.<\/p>\n

Mentioning that 80% of the banking sector’s funds had been taken away, Salehuddin said, “If the total bank outstanding was Tk20,000 crore, Tk16,000 crore was gone.”\u00a0<\/p>\n

The adviser mentioned that there are hardly any well-functioning institutions left.<\/p>\n

The system has been damaged, he noted, adding that the same people are still in charge and they haven’t changed.<\/p>\n

“Some say to remove everyone, but that is not possible. So, we are trying to make them work by either gently persuading or scolding them,” he said.<\/p>\n

The finance adviser said that good governance is very difficult and there is no check and balance on the power of the prime minister or MPs.<\/p>\n

“Without reforms in this sector, no matter how many reforms are made, it won’t help. Even political parties need to be reformed,” he added.<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cIMF had first estimated $18 billion would be needed but later raised the amount to $35 billion after…\n","protected":false},"author":2,"featured_media":24803,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-24802","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/24802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=24802"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/24802\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/24803"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=24802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=24802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=24802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}