Economic Reporter :
Bangladesh Bank Governor Fazle Kabir said government borrowing is lower now which is an opportunity for the private sector to get more access to finance.
He also said foreign remittance is more that 16 percent lower than the same period of last year which is a matter of concern and the central bank is working hard to encourage non-resident Bangladeshis (NRBs) to send remittances through proper channels.
The governor said this when the Board of Directors of Dhaka Chamber of Commerce and Industry (DCCI) led by its president Abul Kasem Khan called on him at BB.
The governor said young generation needs to be encouraged to come up with innovative entrepreneurship mostly in manufacturing sector rather than trading. Skill development and training are also more important for new entrepreneurs, he said.
Fazle Kabir also called for bringing all banks under automation and trusted cyber security system. Bangladesh Bank is closely monitoring banks’ automation and cyber security measures on a regular basis, he added.
During the meeting, DCCI president Abul Kasem Khan said the central bank can utilize the foreign exchange reserve for wide ranging infrastructure development work of the country.
