Dhaka, Feb 26 (V7N) — Mia Golam Parwar, Secretary General of Bangladesh Jamaat-e-Islami, has expressed concern over what he described as a politically motivated appointment to the position of the country’s central bank governor, questioning the credibility of placing a loan rescheduling beneficiary in charge of regulating the banking sector.

In a statement posted on the party’s verified Facebook page on Thursday, Parwar said the post of governor of Bangladesh Bank is not ceremonial but one of the most crucial roles in the country, responsible for ensuring monetary policy stability, overseeing banking regulation, maintaining financial discipline, and sustaining both domestic and international confidence.

He said that following public demands for structural reforms after the July mass movement, establishing competent and merit-based leadership should have been the government’s top priority. According to him, the quota movement symbolized a broader call for meritocracy and efficient administration.

Parwar alleged that the appointment of the new governor sends a message contrary to those expectations. He claimed it is the first time an industrialist has been appointed to lead the central bank whose company had loans worth around Tk 890 million rescheduled under special policies shortly before the appointment. He also alleged the appointee had ties to the ruling party’s election management committee, raising concerns among senior bankers about potential conflicts of interest and institutional independence.

Stressing the importance of strong and independent financial institutions, Parwar said appointments based on political loyalty could undermine public confidence and international trust. He added that the decision may signal risks to the independence of the central bank at a time when the economy requires credibility, professionalism, and merit-based leadership the most.

END/SMA/AJ