Financial inclusion is a must for more vibrant economy

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BSS, Rajshahi :
In the present context of global economy, financial inclusion has become an urgent need for making the country’s economy more vibrant along with poverty-free Bangladesh, speakers at a bankers workshop said here Monday.
They viewed financial inclusion is an important tool for attacking poverty as it is important on all three dimensions of opportunity, empowerment and security. So, there is no alternative to expand the banking coverage particularly in the rural areas.
Bangladesh Institute of Bank Management (BIBM) organized the outreach e- workshop on “Financial Inclusion” held at Bangladesh Bank (BB) conference hall in Rajshahi.
Executive Director of BB Jinnatul Bakeya and its General Manager Nazim Uddin addressed the opening session as chief and special guests respectively with coordination of BIBM Lecturers Nur Alam Faisal and Lutful Alam Maruf. BIBM Professor and Director (Training) Dr Ahsan Habib also gave his introductory speech.
BIBM Director General Dr Toufic Ahmed Choudhury conducted the working session as focal person through video conferencing narrating the issue of financial inclusion along with its concepts and relevance and BB initiatives and current status.
He says financial inclusion is good and win-win for all the stakeholders including poor, banks, government and economy. It is not just a public good but a merit good.
Dr Choudhury stated that the financial inclusion has become an issue of worldwide concern, relevant equally to economics of the underdeveloped, developing and developed nations.
In Bangladesh’s context, building inclusive financial systems focuses on equalizing opportunities coupled with addressing financial market imperfection that expand individual opportunities creates positive.
He urged the participating bankers to give emphasis on inclusive banking so that more other people are brought under banking coverage and they can contribute to the national economy as a whole.
More than 64 executives and senior bankers from both public and private sector banks in different districts of the region attended the workshop sharing views on various issues of the topic.

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