• IPF | Institute of Public Finance Bangladesh
  • Centre of Excellence for PFM Training, Research and Capacity Building

Deputy Governor, Bangladesh Bank : Dr. Md. Kabir Ahmed

Dr. Md. Kabir Ahmed has been appointed Deputy Governor of Bangladesh Bank for a period of 3 (three) years with effective from 08 September 2024. Prior to assuming the responsibility of Deputy Governor, he was in-charge of Forex Reserve and Treasury Management Department, Foreign Exchange Investment Department, SME and Special Programmes Department. Prior to this assignment, he worked as an Executive Director of Bangladesh Bank Training Academy (BBTA. During this period, he introduced a new seminar series titled ‘Inter-generation Central Bankers Discourse’ with a view to transfer knowledge and experience of former top executives of central bank to the newly recruited officials. He substantially contributed in developing advanced level ‘Certified Supervision Specialist (CSS)’ course. Furthermore, he also worked as a Divisional Chief and Executive Director of Bangladesh Bank, Rangpur Office and Khulna Office. During his tenure in Rangpur Office, he introduced the concept of regional central banking. Since his joining in 1993, Dr. Kabir served various department of Bangladesh Bank for more than 31 years in various capacities. In particular, he worked in Banking Regulation and Policy Department, Department of Banking Inspection, Financial Stability Department, Bangladesh Financial Intelligent Unit, Human Resources Department, Policy Analysis Unit (as a Research Economist), Financial Integrity and Financial Services Department, former Currency Management and Accounts Department and Governor Secretariat. He is currently serving as an Alternate Director of Asian Clearing Union (ACU). He worked as an Observer in the Board of Sonali Bank PLC; the largest state owned commercial bank of the country. Furthermore, he worked as an Observer and Alternate Observer in the Board of Directors of seven state-owned and private commercial banks. He also served as a Director in the Board of Investment Corporation of Bangladesh. He was appointed as a member of the Fact Finding Committee, formed by the order of honourable High Court, to investigate major irregularities of three non-bank financial institutions where he discharged his duties with due diligence. He was the Country Coordinator of Bangladesh for Financial Stability Assessment Program (FSAP), conducted by the IMF in 2018. He was one of the leading officials, who substantially contributed in preparing National Risk Assessment (NRA) document and defended Bangladesh for The Third Round Mutual Evaluation on Money Laundering and Terrorist Financing held in California, USA in 2016. He was the Chairman of Guidelines on Trade Based Money Laundering, a seminal policy document which has been implemented in the banking sector of Bangladesh since 2019 vide BFIU Circular no. 24/2019. As a General Manager of Financial Stability Department, he was operational head of financial stability issues of Banks and Non-Bank Financial Institutions in Bangladesh. He was the Lead Editor of Financial Stability Report, a flagship publication of BB. He introduced many new dimensions of analysis including External Sector Risk to understand the macro-financial stability of the country. He was also the Editor of both Bangladesh Systemic Risk Dashboard (BSRD) and Quarterly Financial Stability Assessment Report. A special analytical report on ‘Economic and Financial Stability Implication of COVID-19’ was published under his guidance and initiative. A seminal document titled ‘Compulsory Merger/Amalgamation of Banks in Bangladesh’ was also prepared under his chairmanship. Dr. Kabir contributed to develop Core Principles for Islamic Finance Regulation as a working group member of Islamic Financial Services Board (IFSB), Malaysia. He also worked as a Research Economist of Bangladesh Bank under a project financed by the World Bank. He was one of the founding members of Monetary Policy Review and Financial Sector Review, BB’s two bi-annual publications. He has published a considerable number of research papers and articles in many international journals including country paper, working papers, book chapters and policy notes on banking, asset pricing, monetary policy, financial stability, capital adequacy, Basel II, household welfare and rural finance, local financial development and its implication for local employment & output, microfinance regulation, Islamic finance, FX reserve and external debt sustainability, international trade and regional integration. He attended and presented papers in many national and international seminars. He is a reviewer of many local and international journals including Bank Parikrama, Journal of Banking Regulation (Palgrave Macmillan publication) and Applied Economics (Taylor & Francis Publication). He occasionally delivers lecture as a guest speaker at the Bangladesh Institute of Bank Management (BIBM), the University of Dhaka, ICB Training Institute and Bangladesh Bank Training Academy (BBTA). He pursued his MBA (Major in Finance) degree from the Institute of Business Administration (IBA), University of Dhaka and also obtained his Master of Arts degree in Mass Communication with First Class from the same university. He earned his Master of Science degree in Development Finance with distinction from the University of Reading, UK in 2003. He obtained his Ph.D. degree in Economics from the School of Economics, University of Reading, UK. He was awarded distinction in Computable General Equilibrium Modeling and achieved distinction level marks in Advanced Microeconometrics in his doctoral course works. He also attended many advanced training courses at the World Bank Office Dhaka, World Bank Institute (WBI), IMF Regional Training Institute, Singapore; Institute for Fiscal Studies (UK), University College London (UCL), ICMA Centre for Financial Market (University of Reading), University of Surrey, York University (UK) and University of Southampton.