BB takes opinions from high-ups

FE Team | Published: March 17, 2010 00:00:00 | Updated: February 01, 2018 00:00:00

FE Report
The central bank has sought opinions from its high-ups to finalise a five-year strategic action plan to achieve inclusive economic growth through creation of jobs and poverty reduction.
All general managers of the Bangladesh Bank (BB) gave their opinions for finalising the strategic plan at a meeting held in the central bank Tuesday with BB Governor Atiur Rahman in the chair.
"We'll announce the first strategic plan incorporating our general managers' opinions by the end of this month," a senior BB official told the FE after the meeting. He also said at least 160 action plans have already been incorporated in the national document.
During the meeting, the BB chief asked the high ups to move forward with team sprit for implementating the strategic planning.
The BB had interactions with senior officials of the central bank and also other stakeholders outside the central bank to formulate the draft action plan, the central bank officials said.
The five-year plan will also focus on some major areas like monetary policy, banking system automation, skill development, capacity building and credit policy. The plan will be reviewed each year for updating with new measures.
The BB earlier discussed the plan with all commercial banks and financial institutions, the World Bank, the International Monetary Fund (IMF) and also with leading chambers and trade bodies, the BB officials added.
At the same meeting, the central bank governor directed the officials to handle the cash department more carefully to avoid any unwanted incident.
The instruction came following repeated irregularities, found in the BB's cash department recently. The BB governor asked the general managers to strengthen their monitoring and supervision for stopping such incidents.
The central bank chief also asked the officials to take measures for achieving the target of farm loan disbursements by the end of this fiscal.