Bangladesh needs capital for banks and private sector
Finance Minister Amir Khosru says the nation must address a capital deficit in its banks. Rising energy costs have drained $2 billion from the state budget.
Xurve View
Xurve View
The Finance Minister of Bangladesh, Amir Khosru, has stated that the nation must address a critical capital deficit within its banking and private sectors to ensure the success of any economic reforms. Speaking at an event hosted by the Atlantic Council during the International Monetary Fund and World Bank spring meetings in Washington, Khosru emphasized that stabilizing these sectors is the primary hurdle for the country's recovery.
"The first thing to be approached is to replenish the capital deficit that is there in the private sector, replenish the capital in the banking sector," Khosru said.
