Visiting team of delegation of International Monetary Fund (IMF) in a meeting with BSEC on Monday suggested the capacity building of the Bangladesh Securities and Exchange Commission (BSEC) to act in a way so that people from various backgrounds are included in the market, reports UNB.
As part of the ongoing discussion, on Monday, the IMF team met with the top management of BSEC and gave some suggestions to develop the capacity of the regulator.
BSEC’s executive director and spokesperson Razaul Karim told that in the scheduled meeting the IMF team suggested product diversification in the stock market to ensure the involvement of the people from all spheres of the society.
IMF want to know details about the commodity exchange market, real estate, and other sectors' enrollment in the share markets, said the BSEC official.
The IMF will support both technological upgradation and human resource development of the capital market so that the market can act maintaining the global standard, he added.
Rahul Anand, IMF Mission Chief to Bangladesh, led a seven-member delegation of the IMF while Professor Shibli Rubayat-Ul-Islam, Chairman of BSEC, along with the members of BSEC took part in the discussion.
Earlier, the IMF team met for discussion with the finance ministry, Bangladesh Bank, Bangladesh Bureau of Statistics, Power Division, Bangladesh Energy Regulatory Commission, and Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
The delegation of the Washington-based global lender started visiting Bangladesh on October 26, to discuss and realise the economic situation as the country sought a $4.5 billion loan as budgetary support.
Bd-pratidin English/Lutful Hoque
