Mustafa Kamal named finance minister of the year
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Sunday
January 29, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
SUNDAY, JANUARY 29, 2023
Mustafa Kamal named finance minister of the year

Bangladesh

TBS Report
02 January, 2020, 08:20 pm
Last modified: 02 January, 2020, 09:00 pm

Related News

  • Nur Mohammed awarded ‘Best CSR Personality’ by Global Economics UK
  • JK Foreign Brands get Asia Prestige Award as best bridal store
  • Inflation to reach bearable level by end of FY: Finance minister
  • Golden Globes 2023 – the full list of winners
  • BRB Cable Industries Limited receives 'President's Industrial Development Award-2020'

Mustafa Kamal named finance minister of the year

He is the first Bangladeshi finance minister to receive this award

TBS Report
02 January, 2020, 08:20 pm
Last modified: 02 January, 2020, 09:00 pm
File photo: TBS
File photo: TBS

The Banker, a London-based monthly magazine, has named AHM Mustafa Kamal for the Finance Minister of the Year for Asia-Pacific and Global Award 2020 for his contribution to Bangladesh's financial sector. 

The magazine is owned by the renowned Financial Times Group and has been being published since 1926, according to a press release issued by the finance ministry on Thursday. 

Praising Mustafa Kamal for his contribution to Bangladesh's economy, The Banker wrote that he has been instrumental in attracting international support for the country by pushing for greater levels of foreign direct investment. 

The organisation mentioned Bangladesh going into the capital markets for the first time as another ambitious move of Mustafa Kamal.

The first-ever taka-denominated bonds were issued in November 2019, and the Bangla bond was launched at the London Stock Exchange and issued through the International Finance Corporation. 

The three-year bond was oversubscribed at Tk800m ($9.42m). Issuing the local currency bond has set a benchmark, and raised the possibility of a sovereign local currency bond. 

The Banker also mentioned Bangladesh seeing an increase in the number of remittances made into the country; money sent home by overseas workers is one of the country's main sources of foreign exchange. 

"The government had introduced a 2 percent cash incentive to encourage people to send money back home, and to do so through legitimate channels, a move that Kamal believes will see a 25 percent increase on remitted sums during the 2019-20 financial year," The Bankers report states. 

Starting in 2004, The Banker began awarding finance ministers for their contributions in bringing to speed the financial sectors and ensuring sustainable development of their respective countries. 

The magazine picks five finance ministers from five regions – the Asia-Pacific, America, Africa, the Middle East and Europe, and selects one of them as the best finance minister of the world. 

Mustafa Kamal is the first Bangladeshi finance minister to receive this accolade. The Indonesian finance minister was given this award last year, while the Indian finance minister was selected for the award in 2018. 

Finance Minister Kamal dedicated the award to the people of Bangladesh. 

Expressing his gratitude to Prime Minister Sheikh Hasina, Kamal said he achieved the award by following the instructions given by the prime minister. 

Mustafa Kamal took charge of the finance ministry in January last year. 

Top News

Finance Minister / AHM Mustafa Kamal / Award

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Photo: UNB
    Only AL made country self-sufficient in food: PM
  • Reconditioned vehicles running out of stock as traders fail to open LCs
    Reconditioned vehicles running out of stock as traders fail to open LCs
  • Photo: TBS
    Corruption remains the biggest barrier to business: CPD

MOST VIEWED

  • Picture: Collected
    US Embassy condemns recent incidents of visa fraud
  • Bapex calls candidates for job test 9 years after advert!
    Bapex calls candidates for job test 9 years after advert!
  • Photo: Saqlain Rizve
    Bangladeshi university students identified as problematic users of Facebook, internet: Study
  • Four top bankers arrested in DSA case filed by S Alam group 
    Four top bankers arrested in DSA case filed by S Alam group 
  • Matarbari coal-power plant, one of the projects funded by Japan International Cooperation Agency (Jica)-funded projects.
    More than 50% Japan-funded projects lagging behind
  • 690 audit objections worth Tk1.06 lakh crore placed in JS
    Pension scheme for people aged 18-50 gets JS nod

Related News

  • Nur Mohammed awarded ‘Best CSR Personality’ by Global Economics UK
  • JK Foreign Brands get Asia Prestige Award as best bridal store
  • Inflation to reach bearable level by end of FY: Finance minister
  • Golden Globes 2023 – the full list of winners
  • BRB Cable Industries Limited receives 'President's Industrial Development Award-2020'

Features

Nandita Sharmin's journey to give organic skincare a new identity

Nandita Sharmin's journey to give organic skincare a new identity

5h | Mode
Illustration: TBS

'The silver lining is that the worst is sort of behind us': Hamid Rashid, UN economist

8h | Panorama
Photo: Bloomberg

BuzzFeed and AI are a match made in fad city

7h | Panorama
Snipe in flight. Photo: Enam Ul Haque

Baikka Beel: 'A world where snipe work late'

1d | Panorama

More Videos from TBS

“Investments risky without consistent policy, reliable data”- SK Bashir Uddin

“Investments risky without consistent policy, reliable data”- SK Bashir Uddin

1h | TBS Round Table
What does Shahrukh has in his 770 million dollar property?

What does Shahrukh has in his 770 million dollar property?

21h | TBS Entertainment
15 Reasons Your Entrepreneurial Career Can Fail

15 Reasons Your Entrepreneurial Career Can Fail

20h | TBS Career
Women are going to make history in match management in cricket

Women are going to make history in match management in cricket

19h | TBS SPORTS

Most Read

1
Picture: Collected
Bangladesh

US Embassy condemns recent incidents of visa fraud

2
Illustration: TBS
Banking

16 banks at risk of capital shortfall if top 3 borrowers default

3
Photo: Collected
Splash

Hansal Mehta responds as Twitter user calls him 'shameless' for making Faraaz

4
A frozen Beyond Burger plant-based patty. Photographer: AKIRA for Bloomberg Businessweek
Bloomberg Special

Fake meat was supposed to save the world. It became just another fad

5
Bapex calls candidates for job test 9 years after advert!
Bangladesh

Bapex calls candidates for job test 9 years after advert!

6
Representational Image
Banking

Cash-strapped Islami, Al-Arafah and National turn to Sonali Bank for costly fund

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]