Bangladesh Bank Governor Dr. Ahsan H. Mansur has officially taken charge as Chairperson of the SAARCFINANCE Network, marking a significant leadership role for Bangladesh within the regional economic collaboration. Dr. Mansur assumed this position at the 46th SAARCFINANCE Governors’ Group Meeting held on October 24 in Washington, D.C., where he formally accepted the role from the previous Chair, the Central Bank of Sri Lanka. Bangladesh will now serve as the SAARCFINANCE Chair Country for the next year, from November 2024 to October 2025. Weak banks’ deposits returning to positive trend, none should panic: Governor Ahsan Mansur This chairmanship follows a decision from the 45th SAARCFINANCE Governors' Group Meeting in Sri Lanka in June 2024, where Bangladesh agreed to lead in response to a request by the SAARC central banks’ governors. According to SAARCFINANCE terms, two Governors' Group meetings are held annually, involving central bank governors and finance secretaries from SAARC member nations. Traditionally, the first meeting is hosted by the Chair Country, with the second coinciding with the annual IMF-World Bank meetings in October or November. Central bank won't provide 'illegal liquidity support' to banks: Governor Ahsan Mansur SAARCFINANCE, which originated from the 10th SAARC Summit in Colombo on July 29, 1998, was created to strengthen regional cooperation in economic and financial matters. The network aims to facilitate collaborative macroeconomic policies and provide a platform for sharing insights and strategies tailored to regional needs, as outlined in a press release.

Dr. Ahsan H. Mansur, newly appointed governor of Bangladesh Bank, has said his priority will be to check the high inflation and restore stability in the financial sector.  Expressing satisfaction over his new responsibility Dr. Mansur told UNB on Tuesday night that he will work with all stakeholders in the financial sector to bring back stability and put it on a solid foundation. On Tuesday night the interim government's law ministry hurriedly waved the age limit of 67 years for anyone to be appointed as governor of the central bank. Economist Mansur is now 72 years old. The last time the age limit provision got amended from 65 years to 67 years was in July 2020 to accommodate the reappointment of then-governor Fazle Rabbi.  Read more: Money launderers won’t be allowed to sleep in peace: New Bangladesh Bank Governor He believed that despite high inflation - it hit 11.66 in July in a 13-year high- the central bank under the previous administration did not give full attention to curb it.  Controlling inflation remains a top priority for any central bank.  However, money supply, exchange rate stability, and inflation control all depend on the decision of the governor. Besides, the standard of living, international trade, investment, and employment depend a lot on the decisions of the central bank of any country, he said. Dr. Mansur started his career as a lecturer, at the Department of Economics, Dhaka University in 1976. He left for Canada for higher studies in economics the same year. As a graduate student and research assistant, he was also offering regular economics courses at the undergraduate level at the University of Western Ontario, Canada (1978-81).  Dr. Mansur joined the International Monetary Fund under its Economist Program in 1981 and thereafter completed his PhD in Economics (on general equilibrium analysis) from the University of Western Ontario in 1982. During his long career at the IMF, he worked in Middle Eastern, Asian, African, and Central American countries. He worked in important functional departments (Fiscal Affairs and Policy Review and Development departments) and area departments (Middle East and Central Asia and Asian departments) of the IMF. Read more: Inflation hits 13-year high of 11.7% in July: BBS He also served as the IMF Senior Resident Representative to Pakistan from 1998-01 and as the Fiscal Advisor to the Minister of Finance, Government of Bangladesh (1989-91).