Ills in Society: Prof Sobhan blames political patronage | The Daily Star
12:00 AM, December 22, 2017 / LAST MODIFIED: 06:45 AM, December 22, 2017

Ills in Society: Prof Sobhan blames political patronage

Political patronage and erosion of ethics has led to the culture of defaulting on loans in Bangladesh, said noted economist Rehman Sobhan yesterday.

Sobhan and a couple of young researchers had identified the crisis of ethics in the banking sector in the 80's.

“This problem has been perpetuating over successive regimes -- and down to the present day. In fact, you have got into a situation now where perpetuation of debt default is ingrained in business practices," he said.

The comments came at the opening of 20th biennial conference of the Bangladesh Economic Association held at the Institution of Diploma Engineers Bangladesh in Dhaka.

 

Stay updated on the go with The Daily Star News App. Click here to download it for your device.

Grameenphone and Robi:
Type START <space> BR and send SMS it to 2222

Banglalink:
Type START <space> BR and send SMS it to 2225

Leave your comments

Top News

Top News

Top