Economic Reporter :
More development projects in vulnerable area can ensure macro-economic stability of the country, said Bangladesh Bank (BB) Governor Dr. Atiur Rahman on Sunday. The governor called upon banks and non-bank financial institutions to finance more for implementing the development projects in vulnerable area with a view to attaining a vibrant economy.
“Bangladesh is most vulnerable to natural disasters due to the frequency of extreme climate events and its high population density. Climate change is no longer only an environmental issue, it is now a development issue as well”, said the governor while addressing in the ‘Development Economics Seminar’ at a city hotel. The International Growth Centre (IGC) and BRAC Institute of Governance and Development (BIGD) jointly organized the seminar.
Bangladesh is seeking to transform into an upper middle-income country through enhanced and sustainable agricultural production, accelerated industrialization and increasing integration into the global economy addressing critical energy supply and infrastructure gaps, said Atiur Rahman.
Te full potential of the financial system needs to be harnessed to deliver the transition to sustainable development. Policies, regulations and norms must shape more stable and efficient financial systems that are also connected to the mainstream economy, also said the governor.
The central bank has been playing a leadership role in pursuing sustainability priorities, including poverty alleviation and environmental stability within its mandate of maintaining monetary and currency stability in order to foster growth and development in the national interest. BB is promoting and facilitating environmentally sustainable, inclusive ‘green’ financing. BB has been developing new policies and integrating green criteria into its existing operations. There are three key policies: green refinancing, green banking guidelines, and a credit quota for green output options, mentioned Dr. Rahman.
More development projects in vulnerable area can ensure macro-economic stability of the country, said Bangladesh Bank (BB) Governor Dr. Atiur Rahman on Sunday. The governor called upon banks and non-bank financial institutions to finance more for implementing the development projects in vulnerable area with a view to attaining a vibrant economy.
“Bangladesh is most vulnerable to natural disasters due to the frequency of extreme climate events and its high population density. Climate change is no longer only an environmental issue, it is now a development issue as well”, said the governor while addressing in the ‘Development Economics Seminar’ at a city hotel. The International Growth Centre (IGC) and BRAC Institute of Governance and Development (BIGD) jointly organized the seminar.
Bangladesh is seeking to transform into an upper middle-income country through enhanced and sustainable agricultural production, accelerated industrialization and increasing integration into the global economy addressing critical energy supply and infrastructure gaps, said Atiur Rahman.
Te full potential of the financial system needs to be harnessed to deliver the transition to sustainable development. Policies, regulations and norms must shape more stable and efficient financial systems that are also connected to the mainstream economy, also said the governor.
The central bank has been playing a leadership role in pursuing sustainability priorities, including poverty alleviation and environmental stability within its mandate of maintaining monetary and currency stability in order to foster growth and development in the national interest. BB is promoting and facilitating environmentally sustainable, inclusive ‘green’ financing. BB has been developing new policies and integrating green criteria into its existing operations. There are three key policies: green refinancing, green banking guidelines, and a credit quota for green output options, mentioned Dr. Rahman.
