Bangladesh, Sept. 20 -- The Bangladesh Bank, reportedly, has declined an offer of technical assistance (TA) from the International Monetary Fund (IMF). The TA was intended to deal with a number of banking sector weaknesses including the problem of soaring non-performing loans (NPLs) in the country's banking sector.
The BB does deserve appreciation for declining the TA assistance offer on the ground that the assistance money in many cases, is ploughed back by the donor itself without doing anything tangible. Most part of the money goes into the pocket of so-called consultants, usually, recommended by the donor agencies concerned.
"It's an internal problem of the country. What role will a foreign agency play here?", a high official of the B...