Financial sector reforms being carried out on our own initiative: Adviser

Finance Adviser Salehuddin Ahmed has said the idea that the government’s financial sector reforms are being carried out only on the basis of proposals from the International Monetary Fund (IMF) or the World Bank is not correct.

“Many people think that reforms are being carried out under pressure from these institutions, but in reality, important reform processes are also underway on the government’s own initiative. However, if the World Bank or IMF gives any good advice, the government will accept it,” he said.

The adviser said this while speaking as the chief guest at the 'Accounting and Auditing Summit' at a hotel in the city.

The World Bank and Financial Reporting Council (FRC) jointly organised the event with its theme 'FRC's Role in the Economic Governance of Bangladesh.

Finance Adviser Dr Salehuddin Ahmed urged auditors and chartered accountants to ensure more transparency and integrity in financial reporting and auditing to increase investment.

“Accounting ensures transparency to stakeholders, such as investors and regulatory bodies, by providing access to relevant data for informed decision-making. When investors have clear and reliable information about a country's business environment, they are more likely to invest in its economy,” he said.

Bangladesh Bank Governor Dr. Ahsan H. Mansur, Country Director (acting) of the World Bank Dhaka office Soulemane Coulibaly and Anti-Corruption Commission (ACC) Dr. Mohammad Abdul Momen were present as special guests.

Finance Secretary Dr. Md. Khairuzzaman Mozumder presided over the event while FRC Chairman Dr Md Sajjad Hossain Bhuiyan delivered the keynote speech.