Faithful to his duty till the end

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Faithful to his duty till the end
"My health condition is not good and I would probably take admission in a hospital, so you guys should send the draft of the monetary insurance policy soon.

"It would be problematic for me to examine the draft insurance policy if you don't submit it found in the quickest possible period."

The remarks were created by Allah Malik Kazemi, change supervision adviser of Bangladesh Bank, just days before he was hospitalised on June 22 for coronavirus infection.

He parted for the great beyond on June 26, his elusive retirement finally materialising at the age of 75.

Kazemi's long-time colleagues in Monetary Policy Department are still trying to come to terms with his passing.

"It is an excellent shock for all of us that sir will never supply the final touches in the monetary plan, what he had done for a long time," said one.

The central bank had earlier made a decision to unveil the monetary policy statement for up coming fiscal year early next month but it is now difficult to take action due to the lack of Kazemi, he said.

The central bank is highly reliant on Kazemi to frame not only the monetary policy but also other numerous guidelines for the financial sector.

For this explanation, he had been appointed adviser to the central bank immediately after his retirement as deputy governor in 2007.

The central bank could tackle the previous great recession and its aftershock successfully since 2007 by method of implementing the latest models of framed by Kazemi, said Atiur Rahman, a former governor of Bangladesh Bank, who worked closely with him.

He served the central lender until his loss of life and is also a good torchbearer for officials of the country's central bank, he said. 

Kazemi was also a brilliant student due to he achieved first position found in his graduation and post-graduation and the recruitment evaluation of the central lender in tandem.

He joined the central lender in 1976 as a great assistant director.

"The country is certainly going through a recession. He would have served the market as a whole if we could guard him from the lethal virus," Atiur said.

He has also educated many officials of the central bank on how to frame the monetary policy.

In addition, he previously an excellent skill on predicting upcoming conditions of the fiscal sector examining the present circumstances, Atiur said.

"Kazemi was a good deputy governor when We joined in the central bank seeing that governor. And I caused him very carefully. He gathered versatile knowledge on the means of the central bank," explained Salehuddin Ahmed, another ex - governor.

On completion of his tenure as deputy governor, he got offers to serve in many authorities and autonomous entities but he declined those.

"I requested him to serve the central bank as adviser in 2008. And he did it until his death. He was also among the designers of the country's many digital personal services," Ahmed said.
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