Image description

Finance adviser Salehuddin Ahmed on Saturday said that the International Monetary Fund had calculated the requirement of $35 billion for restructuring the banking sector.

The amount was initially $18 billion, said the adviser while addressing a book launching event in the capital.


He said that they were trying to restructuring the banking sector hamstrung because of loan thefts over the past one and half decades under the Awami League regime ousted in the wake of an uprising in the past year.

Around 80 per cent of loans of many banks have been found to be misappropriated, said the finance adviser of the interim government assumed power following the ouster of the AL regime.