BNP’s Mintoo blames 15 years of graft, political unease for ‘dire’ state of financial sectorBNP's Vice Chairman Abdul Awal Mintoo has blamed political instability and over a decade and a half of institutionalised corruption for what he calls the “dire” state of Bangladesh’s financial sector. He pointed to deep-rooted political interference in banking and a collapse in private investment, describing the sector as paralysed by unchecked looting and policy failure. Mintoo also warned of widening inequality across income, assets, and political access, accusing state institutions of fuelling the divide through discriminatory policymaking. Income, social, wealth, political disparities -- all of these are on the rise,” he said. He also flagged a freeze in economic investment, saying the business community expects clear steps to restart growth.

Source: bd News24 May 31, 2025 14:44 UTC