The Bangladesh financial sector has grown significantly in recent decades, helping to provide financial intermediation for industrial growth and socio-economic development. The banking sector was liberalized in the late 1980s, and new banks could come into existence. The share of private banking grew considerably, eclipsing state banking, leading to efficiency gains and greater financial intermediation. The financial sector has been providing liquidity to finance the country’s industrial expansion with high rates of private-sector credit growth. For an economy poised to grow at 8% for the next decade and beyond, there is a huge need for long-term and innovative finance capitalizing on new sources of investment opportunities. The MSME finance has a gap of $2.75 billion per annum while the housing finance requirement is about $2.5 billion every year till 2030.
Session Objectives:
• Deliberate on how stable, resilient financial markets can help create a better environment for development and growth, create employment and reduce poverty.
• Discuss the need for long term finance to alleviate the asset-liability mismatch and capitalize on growth opportunities.
• Provide a summary of reforms in the banking and capital markets and high-potential investment/financing opportunities.
THE 28TH LARGEST ECONOMY OF THE WORLD IN 2030 – PWC
