Dhaka: The government has announced plans to form a joint committee aimed at identifying strategies for securing long-term financing from the capital market. This initiative is part of a broader effort to establish a robust bond market and reduce the heavy reliance on bank loans.
According to Bangladesh Sangbad Sangstha, the decision emerged from a meeting between the Bangladesh Bank (BB) and the Bangladesh Securities and Exchange Commission (BSEC) held at the BB headquarters. The meeting was presided over by BB Governor Ahsan H Mansur.
The committee will include representatives from the Ministry of Finance, Bangladesh Bank, and the BSEC. Officials from the central bank and the BSEC underscored the importance of leveraging the capital market’s potential as a primary source of long-term financing.
Participants in the meeting stressed the need to capitalise on opportunities for raising long-term capital from the capital market. This approach aims to mitigate the excessive reliance on bank loans, reduce associated risks, and contribute to overall macroeconomic development.
The discussions also explored the processes through which long-term capital can be sourced from the capital market. The establishment and liquidity enhancement of a vibrant bond market were key topics of discussion.
The meeting concluded with the decision to form a joint committee to address these critical financial issues. Among those in attendance were BB Deputy Governor Md Habibur Rahman, Adviser to the Governor Md Ahsan Ullah, BSEC Chairman Khondoker Rashed Maqsood, and Commissioner Farzana Lalarukh.