Flawed public policies and industrial loan defaults: the case of Bangladesh
Abstract
Outlines the massive loan default problems faced by the Bangladesh banking industry and discusses the importance of consistent and adequate public policy in reducing them. Critically reviews the government’s industrial, fiscal, monetary and tariff policies since independence in 1971, referring to relevant research; and relates them to the loan repayment performance of industrial borrowers. Castigates its excessive bureaucratic controls, lack of co‐ordination or consistency and over‐supply of credit; and its failure to recognize entrepreneurs’ general lack of experience. Puts at least part of the blame for industrial loan defaults down to “flawed” policies.
Keywords
Citation
Ziaul Hoque, M. (2003), "Flawed public policies and industrial loan defaults: the case of Bangladesh", Managerial Finance, Vol. 29 No. 2/3, pp. 98-121. https://doi.org/10.1108/03074350310768706
Publisher
:MCB UP Ltd
Copyright © 2003, MCB UP Limited