Transparency International Bangladesh (TIB) has expressed concern over whether the newly appointed governor of Bangladesh Bank can perform his duties independently and free from conflicts of interest. In a statement issued on Thursday, TIB Executive Director Dr. Iftekharuzzaman questioned the impartiality of a governor who is a businessman involved in the ready-made garment and housing sectors, and who previously rescheduled loans for his own enterprises. TIB noted that the appointment was made hastily and raised doubts about the governor’s ability to act independently of business lobbies and loan defaulters.

The statement further highlighted that a large portion of parliament members and cabinet ministers are businesspersons, many of whom are loan defaulters. TIB warned that appointing a businessperson with a history of loan rescheduling to lead the central bank could send a negative signal nationally and internationally. The organization also argued that the appointment contradicts the ruling party’s electoral pledge to ensure good governance and transparency in the banking sector.

TIB cautioned that the decision could undermine efforts to restore stability, curb inflation, and strengthen financial discipline, especially at a time when the economy faces significant challenges.