Private investment is crucial for Bangladesh’s continued growth (British envoy)
British High Commissioner to Bangladesh Robert Chatterton Dickson said private capital investment in business and infrastructure will play a growing role in the next stage of Bangladesh’s growth after graduation from the least developed countries (PMA).
In a webinar Thursday also joined by Planning Minister MA Mannan, Dickson highlighted the role the City of London can play in helping to meet the investment needs of Bangladesh’s private sector.
He said: âThe development of new investment finance channels, both domestic and international, will stimulate business growth and job creation. “
âThe City of London, as a preeminent global financial center and home to some of the world’s deepest and most sophisticated international capital markets, can play an important role in providing the government and the private sector of Bangladesh with a gateway to capital markets and investors. This meeting brings together experts, investors and practitioners to consider the next steps to maximize these opportunities, âhe added.
The webinar explored how Bangladesh’s capital markets work and discussed how capital market reform and financial sector modernization in partnership with the UK can support increased private sector investment and help Bangladesh achieve achieve sustained economic growth as it enters its next 50 years.
The webinar highlighted the need to broaden and deepen the Bangladeshi capital markets and the opportunities for investors and issuers that the reforms could bring.
Participants shared their views on the role of regulators, the important role that pension funds and institutional investors could play, the private equity and start-up ecosystem, and the current state of the corporate market. Mergers and Acquisitions.
Srini Nagarajan, Asia Head of CDC, the UK’s development finance institution, said: âOpportunities for investors and businesses are abundant, and greater coordination between institutional investors, regulators, entrepreneurs. and businesses, and banks will further support the development of the capital market in Bangladesh. “
Nuzhat Anwar, Acting Country Director of the International Finance Corporation (IFC), said: âWell-developed domestic capital markets can be essential for building more resilient financial systems – systems that better mobilize local currency finance from investors. nationals and foreigners and link them to investments. . “
The webinar brought together senior officials and representatives of organizations from the private and public sectors.