Finance Adviser Salehuddin Ahmed stated on Monday that Bangladesh’s financial system, previously in deep distress under the former Awami League administration, is now showing clear signs of recovery.

Speaking at an event commemorating the July Uprising, he remarked, “The sector was in intensive care, but we’ve moved to a recovery stage. We’re not fully healthy yet, but we’re definitely on the way home.”

He cautioned that while progress has been made, the road ahead is still long. “Rebuilding a damaged financial system takes time. Corruption and inefficiency are entrenched at multiple levels—within institutions, procedures, and people. Still, there are capable and honest individuals within the system, and we’re relying on them to push reforms forward.”

Salehuddin underscored that the current administration is an interim one, aiming to lay the foundation for sustainable, long-term economic stability.

Bangladesh Bank Governor Ahsan H Mansur echoed those sentiments, calling for structural reform beyond short-term fixes. “Our goal is to create a financial system that’s resilient, not one that teeters on the brink of collapse every few years. This isn’t about politics—it’s a matter of national necessity.”

He said ongoing reform measures won’t produce instant results but stressed that critical groundwork is being laid. Inflation, which previously surged, has now eased to around 8%, with the goal of further reducing it to 3–5%.

Mansur urged the banking community to focus on safeguarding depositors’ interests and working toward broader institutional improvements. He also mentioned that a new Bank Company Act is in the works and is currently under review by the Finance Ministry. Once enacted, he believes it will serve as a guardrail against both misgovernance and political interference in the sector.

Support for Families of Uprising Victims

As part of the July Uprising Day observance, the government will provide financial support to the families of those who died during the movement. Each of the 852 families recognized as “gazetted martyrs” will receive Tk2 lakh in compensation.

Additionally, nearly 16,000 families of the deceased and injured will receive donations and gifts from the central bank and commercial banks. Disbursement has already begun and is expected to continue through Tuesday.