BB starts framing next 5-year strategic plan

Bangladesh Bank (BB) has started formulation of its next five-year strategic plan with an emphasis on strengthening its supervision to ensure transparency, accountability and good governance in the country's banking sector, reports UNB.
"We want to reinforce our supervision to ensure accountability, transparency and good governance in the banking sector through utilising the maximum level of latest technology," BB Governor Dr Atiur Rahman said.
He was speaking at the inaugural ceremony of a three-day strategic planning workshop at the BRAC Centre for Development Management (BCDM) at Savar on the outskirts of the capital city on Thursday evening.
The BB chief also said the central bank was now working to find out further stringent measures taking lessons from the past for curbing financial irregularities in the banking sector.
All the officials in the rank of general manager and above are taking part in the in-house workshop on 'Strategic planning: Heading towards a new horizon' to formulate the next five-year strategic plan for
2015-19.
Seven strategic focuses have already been set in the draft plan aiming to turn the BB into a world-class central bank.
The areas of focus are supervision and regulation for ensuring financial stability, balanced and coordinated monetary policy, socially responsible financing and inclusive growth, promoting more
liberalised foreign exchange regime, optimisation of human capital in the BB, effective communication and positive image building and establishment of leadership excellence centre in Chittagong.
Among others, Deputy Governors of the BB SK Sur Chowdhury, Nazneen Sultana and Executive Director Ahsan Ullah spoke on the occasion.
Earlier on May 30, 2010, the central bank of Bangladesh announced its first five-year strategic plan aiming to add an impetus to the country's economic development by bringing in more people under the banking network.