Bangladesh Bank (BB) will start assessing the asset quality of banks next month as part of comprehensive reforms, according to Governor Dr. Ahsan H. Mansur. Announced during the World Bank Group’s Annual Meetings, the assessment will involve an international auditor and focus on identifying losses, capital shortfalls, and the need for recapitalization. A six-member task force has been established to evaluate the financial situation and risks in the banking sector. Dr. Mansur expressed optimism that Bangladesh could recover more effectively from its economic challenges than Sri Lanka, which faced a similar crisis. The BB is also collaborating with international organizations to repatriate laundered money.
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