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Bangladesh's Finance Sector Faces Crisis Amid Corruption

2/24/2025

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Summary

Story summary

Bangladesh's financial sector is grappling with deep-rooted corruption and governance failures stemming from a past authoritarian regime. Humaira Azam, Managing Director of LankaBangla Finance, emphasizes the urgent need for reforms, citing unfair competition, soaring borrowing costs, and a shortage of skilled professionals. She advocates for stricter regulations and enhanced governance to rebuild public trust and stabilize the industry.

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Story summary

Bangladesh's financial sector is grappling with deep-rooted corruption and governance failures stemming from a past authoritarian regime. Humaira Azam, Managing Director of LankaBangla Finance, emphasizes the urgent need for reforms, citing unfair competition, soaring borrowing costs, and a shortage of skilled professionals. She advocates for stricter regulations and enhanced governance to rebuild public trust and stabilize the industry.