The newly appointed Governor of Bangladesh Bank, Mohammad Mostaqur Rahman, has pledged to support initiatives aimed at reopening and revitalizing closed industrial units across the country, signaling a renewed focus on economic recovery and employment generation.
The announcement was conveyed by Bangladesh Bank spokesperson Arief Hossain Khan at a recent press conference, where he outlined the governor’s priorities for the coming years. According to Khan, the central bank will work to maintain macroeconomic stability while simultaneously encouraging productive investment and job creation.
He noted that high lending rates remain one of the most pressing challenges facing businesses, particularly in the manufacturing sector. Elevated borrowing costs have constrained expansion plans and discouraged new investment, contributing to factory closures in recent years. In response, the governor intends to explore policy measures to gradually reduce lending rates and improve access to affordable finance for viable enterprises.
Industry stakeholders have long called for supportive monetary policies to help revive struggling factories, protect employment and strengthen the country’s industrial base. The central bank’s renewed emphasis on growth-oriented policies is expected to complement broader government efforts to stimulate private sector activity.
Mohammad Mostaqur Rahman has been appointed for a four-year term following the government’s decision to cancel the remaining tenure of former governor Ahsan H Mansur. His leadership comes at a critical time as Bangladesh navigates global economic uncertainties, inflationary pressures and the need to accelerate industrial recovery.
Observers say the success of the new policy direction will depend on balancing inflation control with growth stimulation, ensuring financial sector discipline while creating a more supportive environment for businesses to reopen and expand operations.
