Finance Minister Amir Khasru Mahmud Chowdhury has said that steps have been taken to strengthen the country’s capital market through institutional and regulatory reforms in order to increase domestic capital mobilization and boost overall economic activities.
He made the remarks in Parliament on Tuesday during the question-and-answer session, responding to a supplementary question from Kurigram-2 lawmaker Atiqur Rahman Mujahid of the National Citizen Party (NCP).
The minister said that all necessary reforms will be carried out to ensure the development of the capital market and its effective contribution to economic growth.
He acknowledged that the country’s capital market is currently in a weak condition. He also noted that several financial products needed for market expansion are still not fully developed.
Regarding ongoing initiatives, the minister said the Bangladesh Securities and Exchange Commission (BSEC) has been restructured to improve market supervision and efficiency.
He added that experienced and skilled professionals have been included in the commission to further strengthen its capacity.
The minister expressed hope that ongoing reforms and a stronger regulatory framework will bring new momentum to the capital market in the coming days.
The government is working to develop the capital market as a strong and reliable source of financing to ensure sustainable economic growth, he added.
bd-pratidin/GR
