Dr. Md. Habibur RahmanDeputy Governor, Bangladesh Bank
Dr. Md. Habibur Rahman is a central banker and macroeconomist, currently serving as a Deputy Governor and a member of the Board of Directors of Bangladesh Bank, the central bank of Bangladesh. He began his career at the bank in 1990 as an Assistant Director (Research). Before becoming Deputy Governor, he served as the Chief Economist of Bangladesh Bank and was also a Senior Research Economist at the Policy Analysis Unit, a World Bank-funded project.
Dr. Rahman is a lead author of the Monetary Policy Statement (MPS), which outlines monetary policy and reviews Bangladesh's macroeconomic performance and outlook. He also serves as the chief editor and contributor to Bangladesh Bank Quarterly (BBQ) and the Monetary Policy Review (MPR). As a member of the Monetary Policy Committee (MPC), he plays a key role in shaping the country’s monetary strategies. He reviews journal articles and conducts sessions on macroeconomic and policy issues at professional training centers and academic institutions.
Dr. Rahman holds advanced degrees in economics, including a B.Sc. (Honors) and M.Sc. from Jahangirnagar University, a Master’s in Economics from Eastern Michigan University, and a Ph.D. in Applied Economics from Western Michigan University in the USA. He has participated in numerous national and international seminars, workshops, and training programs, such as the Japan-IMF Macroeconomic Seminar at GRIPS, advanced workshops for central bankers at Northwestern University, and the Fletcher School Leadership Program for Financial Inclusion at Tufts University. Dr. Rahman is an accomplished macroeconomist and has published extensively in national and international journals.
Departments under supervision
- Accounts & Budgeting Department-1
- Accounts & Budgeting Department-2
- Chief Economist's Unit
- Credit Information Bureau
- Department of Communications and Publications
- Deposit Insurance Department
- Financial Inclusion Department
- Financial Sector Support and Strategic Planning Department
- Information & Communication Technology Department
- Monetary Policy Department
- NFIS Administrative Unit
- Research Department
- Special Studies Cell
- Statistics Department
Dr. Md. Kabir AhmedDeputy Governor, Bangladesh Bank
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.
Departments under supervision
- Bank Resolution Department
- Banking Regulation and Policy Department-1
- Banking Regulation and Policy Department-2
- Banking Regulation and Policy Department-3
- Debt Management Department
- Financial Institutions Inspection Department
- Foreign Exchange Investment Department
- Foreign Exchange Operation Department-1
- Foreign Exchange Operation Department-2
- Foreign Exchange Policy Department-1
- Foreign Exchange Policy Department-2
- Forex Reserve & Treasury Management Department-1
- Forex Reserve & Treasury Management Department-2
- Islami Banking Regulations and Policy Department
- Payment Systems Department-1
- Payment Systems Department-2
- Security Management Department
Md. Sarwar HossainDeputy Governor, Bangladesh Bank
Md. Sarwar Hossain is a Deputy Governor of Bangladesh Bank, the central bank of Bangladesh, appointed for a three-year term effective from 2nd July 2026. In this role, he brings more than 27 years of central banking experience spanning foreign exchange policy, banking supervision, financial integrity, and regulatory reform, developed across a career that has taken him from front-line bank inspection to the country's most senior monetary and financial-sector leadership positions.
Prior to his appointment as Deputy Governor, Mr. Hossain served as Executive Director of Bangladesh Bank at its Head Office in Dhaka, and before that as Director of the Foreign Exchange Policy Department with additional oversight of the Bank's Bogra Office. Over a career that began in 1999, he has held progressively senior positions across the Department of Banking Inspection, the Foreign Exchange Inspection & Vigilance Department, the Financial Integrity & Customer Services Department, and the Foreign Exchange Policy Department rising from Assistant Director to Executive Director. His public-sector career began earlier still, with roles at Sadharan Bima Corporation and Sonali Bank Ltd., and as a lecturer in BCS Education Cadre, complemented by a deputation to The Oriental Bank Ltd. during a period of institutional restructuring.
Mr. Hossain has built an international reputation for rigorous, evidence-based financial oversight. As Team Leader of Bangladesh Bank's Import Price Monitoring Team, formed in July 2022 amid acute pressure on the country's external reserves, he strengthened import-payment discipline and curbed over-invoicing, contributing directly to reserve stabilization during a critical period for the economy. His inspection work has also uncovered some of Bangladesh's most significant cases of financial-sector fraud findings that led to decisive regulatory and enforcement action and reinforced public confidence in the banking system.
He has been a lead architect of several Bangladesh's cornerstone financial-sector policy frameworks, including the Foreign Exchange Risk Management Guidelines, the Credit Risk Management Guidelines, the Trade-Based Money Laundering Guidelines, and the Offshore Banking Act 2024, instruments that align Bangladesh's regulatory architecture with international standards of risk governance and financial integrity. His supervisory experience extends beyond national borders, including inspections of Janata Bank's UAE operations, and he has represented the Bank publicly in his former capacity as Assistant Spokesperson.
Alongside his regulatory career, Mr. Hossain has been an active contributor to financial-sector capacity building in Bangladesh, teaching for over a decade as Adjunct Professor at American International University-Bangladesh, and serving as guest faculty and resource person for the Bangladesh Institute of Capital Market, the Bangladesh Bank Training Academy, the Bangladesh Institute of Bank Management, the Bangladesh Foreign Trade Institute, and BAFEDA, among other institutions.
His engagement with the global central banking and standard-setting community includes participation in programmes of the World Bank Group Treasury (RAMP), the International Monetary Fund, the Islamic Financial Services Board, the OIC-COMCEC Central Banks Forum, the Asian Infrastructure Investment Bank, the Financial Stability Institute, and the Frankfurt School of Finance & Management in Germany reflecting a career shaped as much by international exposure and peer learning as by domestic regulatory practice.
Mr. Hossain holds a Bachelor of Commerce (Honours) and a Master of Commerce in Accounting from the University of Dhaka, and a Master's degree in Public Affairs with a specialization in International Economic Relations, also from the University of Dhaka. He is a Certified Expert in Risk Management (CERM) from the Frankfurt School of Finance & Management, Germany, and BIBM, and a Diplomaed Associate of the Institute of Bankers, Bangladesh.
In recognition of his contributions, Mr. Hossain was awarded the Bangladesh Bank Gold Medal in 2017. He is a Life Member of the Bangladesh Red Crescent Society and the Dhaka University Accounting Alumnae Association, a member of the Officers' Club, Dhaka; Past President, Rotaract Club of Dhaka University; Treasurer of Dhaka University Debating Society. He has authored publications on the TRIPS Agreement and its implications for Bangladesh's pharmaceutical industry, on trade facilitation and export competitiveness, and on human resource management practices in service organizations.
Md. Anis Ur RahmanDeputy Governor, Bangladesh Bank
