Fazle Kabir's work is a shining example of how inclusive economic growth can be achieved. He served as the Governor of the Bangladesh Bank from 2016 to 2021.
Fazle Kabir's tenure at the Bangladesh Bank was marked by several key initiatives. One of them was the establishment of the Financial Stability Unit.
The Financial Stability Unit was created to monitor and address potential risks to the financial system. This unit played a crucial role in maintaining stability during a period of rapid economic growth.
Early Life
Fazle Kabir was born on July 4, 1955.
He grew up in a specific region of what was then East Pakistan, now Bangladesh, in the Munshiganj district.
Kabir completed his secondary and higher secondary education at Faujdarhat Cadet College.
He went on to earn his bachelor's and master's degrees in economics from the University of Chittagong.
Appointed as Governor of Bangladesh's Central Bank
Fazle Kabir was appointed as the new Governor of Bangladesh's Central Bank, a position he took over on March 20, 2016, after the resignation of Atiur Rahman.
He was selected for the role just two hours after Rahman submitted his resignation letter to Prime Minister Sheikh Hasina.
Fazle Kabir has a long career in public service, starting with Bangladesh Railway in 1980 as an assistant traffic superintendent.
He later joined the BCS Administration Cadre in 1983 and held various key positions in different ministries and field administration.
Here's a brief overview of his key positions:
- Deputy Commissioner and District Magistrate of Kishoreganj District
- Joint Secretary in the Ministry of Education
- Director General of the National Academy for Planning and Development (NAPD)
- Director General of the Bangladesh Civil Service Administration Academy
- Secretary of the Ministry of Railways
Fazle Kabir was appointed as a senior secretary to the Ministry of Finance in 2012 and served as a finance secretary before becoming the Governor of Bangladesh Bank.
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Governor Fazle Kabir has been serving as the Governor of the Bangladesh Bank since March 20, 2016. He has a long and distinguished career in the civil service, starting his professional career in the Bangladesh Civil Service in 1980.
Before joining the central bank, Governor Kabir served in key policymaking capacities in several ministries, including as the Director General of the National Academy for Planning and Development and the Rector of the BCS Administration Academy. He also served as Secretary in the Ministry of Railways.
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As Finance Secretary, Governor Kabir negotiated Bangladesh's Extended Credit Facility program with the IMF during 2012-2014. This experience likely provided valuable insight into the country's economic landscape.
Governor Kabir holds a Masters degree in Economics from Chittagong University, Bangladesh. This educational background likely equipped him with a strong foundation in economic principles and analysis.
Prior to joining as Governor, Governor Kabir was holding the position of Chairman of the Board of Directors of Sonali Bank Limited, the largest State-owned commercial bank in Bangladesh. This experience likely gave him a deep understanding of the banking sector in Bangladesh.
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