The International Monetary Fund (IMF) will sit in a discussion meeting with the Bangladesh Securities and Exchange Commission (BSEC) on November 7 to discuss various issues including the current status of the capital market and the imposition of floor prices, reports UNB.
Bond market development, risk management and control, compliance infrastructure and enforcement measures in the market will also be discussed in the meeting, according to officials involved with the process.
BSEC spokesperson Mohammad Rezaul Karim said on Monday that they’re taking all the preparations for the meeting.
BSEC Chairman Shibli Rubaiyat-ul-Islam, Commissioners, and Executive Officers will be present in the meeting, he said.
To prevent the ongoing fall in prices, the BSEC floor price system was imposed on the capital market on July 28 this year.
Although its market is on the rise, two-thirds of the companies listed in the capital market are currently stuck at the floor price. Investors are not able to buy and sell shares of these companies despite their desire.
A delegation of IMF arrived in Dhaka from Washington on October 26 to discuss a $4.5 billion loan sought by Bangladesh amid dwindling foreign currency reserves.
Bd-pratidin English/Lutful Hoque
