Standing Committee on Ministry of Finance

parliamentary_committee · partial (verified 2026-05-17)

Profile

Head: —
Role: Chairman
Annual budget: —
Staff: —
Established: 1973
Legal basis: Constitution of Bangladesh, Article 76 (standing committees of Parliament); Rules of Procedure of the Jatiya Sangsad (Rules 196-241, requiring one committee per ministry)

The committee's oversight agenda for the second session (expected June 2026) will centre on: (1) implementation monitoring of the Bank Resolution Act 2026 and its Section 18(A) amendment; (2) parliamentary scrutiny of the IMF $5.5 billion programme fifth/sixth review conditions, with the Finance Minister publicly contesting IMF conditionality; (3) NBR bifurcation progress -- Revenue Policy Division and Revenue Management Division gazetted but implementation stalled by inter-bureaucratic cadre disputes; and (4) FY2026-27 budget preparation, with a proposed 20% higher revenue target of Tk 6,04,000 crore.

Recent activity

2026-03-12 other 13th Jatiya Sangsad first session commenced. Ministry-related standing committees, including the Standing Committee on Ministry of Finance, are constituted by parliament in accordance with Rules of Procedure; formation of ministry-related committees was pending as of session prorogation on April 30, 2026, with only five procedural/structural committees formed during the first session. ↗↗↗
2026-04-10 reform Bangladesh Bank (Amendment) Bill, 2026 passed in parliament by voice vote, introduced by Finance Minister Amir Khasru Mahmud Chowdhury; abolished the maximum age limit of 67 years for the Bangladesh Bank Governor's post while retaining the four-year term. ↗↗↗
2026-04-10 reform Bank Resolution Bill, 2026 passed in parliament amid opposition objections; establishes a dedicated Bank Resolution Department and Resolution Fund within Bangladesh Bank; includes controversial Section 18(A) allowing former bank owners to reclaim failed banks by paying 7.5% upfront of government-injected capital with the balance repayable over two years at 10% simple interest. ↗↗↗
2026-04-14 reform Finance Minister announced amendment to Section 18(A) of the Bank Resolution Ordinance/Act following widespread criticism that the clause would allow discredited bank owners to reclaim institutions at below-market terms, undermining the World Bank's $1.7 billion reform-linked loan conditionality. ↗↗
2026-04-30 other First session of the 13th Jatiya Sangsad prorogued after 25 sittings; 91 ordinances converted into law during the session, including the Bank Resolution Act and Bangladesh Bank Amendment Act; five procedural/structural standing committees formed but ministry-related standing committees (including the finance committee) remain to be constituted in the second session. ↗↗↗
2026-05-01 statement Finance Minister Amir Khasru Mahmud Chowdhury stated that IMF conditions are 'not suitable' for Bangladesh's economy and that the government cannot comply with all IMF demands as it remains accountable to the public; pledged course corrections only where aligned with the BNP election manifesto. ↗↗
2026-05-10 international IMF's fifth review (linked to the sixth tranche of approximately $400 million) remains under negotiation; IMF mission met Finance Division Secretary Khairuzzaman Mozumder focusing on fiscal performance, subsidy arrears, and mid-year budget revision; IMF gave no assurance that the June disbursement would proceed, amid concerns over revenue reform shortfalls, exchange-rate flexibility, and banking reform pace. ↗↗↗
2026-05-12 statement Finance Minister told parliament that legal steps are underway to recover assets laundered abroad during the previous government, and that there will be no political interference in the financial or banking sector. ↗↗

Provenance & notes

Verification status set to 'partial' because: (1) the chairman and members of the 13th Parliament Standing Committee on Ministry of Finance have not been publicly announced in verifiable sources as of 2026-05-17 -- the first session (March 12 to April 30, 2026) formed only five procedural/structural committees, and ministry-related standing committees are expected to be constituted in the second session; (2) the established_year 1973 reflects the first Jatiya Sangsad session under the 1972 Constitution, when the standing committee system was activated; each parliament reconstitutes its committees afresh. The committee's oversight is exercised jointly over the Ministry of Finance (including Financial Institutions Division and the new Revenue Policy Division and Revenue Management Division that replaced NBR) and all legislation touching public finance. Per parliament.gov.bd Rules of Procedure, committees sit in private and records are not routinely public. Key oversight issues in the current window: Bank Resolution Act 2026, Bangladesh Bank Amendment Act 2026, IMF 5th/6th tranche conditions, and NBR bifurcation implementation.

Standing Committee on Ministry of Finance

Profile

Recent activity

Sources