Letters To The Editor
WB loan to rescue banks!
The government is seeking financial assistance from the World Bank to help the state-run banks recover the financial crisis. This is not good news. The loans will come with tough conditions. The wide range of corruption in the state-run banks is known to all, especially after the Sonali Bank scandal.
Now the question arises who will repay this loan to the WB? Of course the people. But people are not asking the government to take loans as the current deficit of the four state-run banks was not created by people, rather it was created by the government and its chosen officials on the board of directors of the banks. So taking this loan and thus putting the people in debt can not be a good decision.
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