Mostakur Rahman Set to Become Bangladesh Bank Governor

Bangladesh is poised to appoint Mostakur Rahman as the new Governor of its central bank, Bangladesh Bank, marking a significant leadership transition in the country’s financial sector. Multiple sources within the Ministry of Finance confirmed on Wednesday, 25 February, that the appointment is in its final stages. He is expected to succeed the current Governor, Dr Ahsan H. Mansur, whose term is coming to an end.

According to officials at the Ministry of Finance, the government believes that fresh leadership is essential to advance ongoing financial reforms, restore discipline in the banking sector, and ensure stability in foreign currency reserves. Mostakur Rahman, a seasoned economist with extensive experience at policymaking levels, has been selected for his capacity to provide strategic guidance and strengthen institutional frameworks.

Dr Mansur was appointed as Governor by the interim government following the fall of the previous administration. At the time, he faced numerous challenges, including liquidity shortages in the banking sector, rising non-performing loans, and declining foreign currency reserves. During his tenure, the central bank implemented stringent monetary policies, revised interest rate structures, and pursued measures to enhance transparency across the financial sector.

Prior to Dr Mansur, Abdur Rouf Talukdar held the position of Governor. His tenure coincided with global economic volatility, the fallout from the Russia–Ukraine war, and mounting import expenditure pressures, which collectively placed the country’s economy under considerable strain. The central bank, in turn, experienced heightened policy pressures.

As the incoming Governor, Mostakur Rahman faces several critical challenges:

Implementing effective monetary policies to control inflation

Promoting good governance in the banking sector and reducing non-performing loans

Maintaining stability in foreign currency reserves

Accelerating digital transformation within the financial sector

The following table summarises the recent succession of Bangladesh Bank Governors:

Economists emphasise that in times of global uncertainty, leadership at the central bank is crucial. Decisions regarding interest rates, inflation management, exchange rate stability, and banking sector governance heavily rely on the Governor’s judgment.

Observers express optimism that Mostakur Rahman’s appointment will preserve policy continuity while injecting new momentum into structural reforms. The effectiveness of his leadership will play a pivotal role in maintaining Bangladesh’s overall economic stability in the years ahead.