After taking office, Dr Zahid, also the former lead economist of the World Bank Dhaka office, mentioned that the interim government started to restore regulations in the banking sector, supported the distressed institutions from falling further and took initiatives to bring back
the laundered money from abroad.
The government has advanced a lot in freeing the banking sector from the clutch of a business conglomerate, he said.
“We’re going towards a more or less stable condition, but I won’t say the crisis is over,” he added.
Deputy Managing Director (DMD) of the Premier Bank PLC Abdul Quaium Chowdhury said since August, 2024, remittances have consistently increased, providing the interim government a respite amid the rapid depletion of foreign exchange reserves.
This has evolved as a critical economic relief for a nation that is currently suffering from macroeconomic strains, he added.