Mashiur for diversification of investment tools to encourage savings, investment

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Business Desk :
Terming the country’s investment instruments inadequate, Prime Minister’s Economic Affairs Adviser Dr Mashiur Rahman said diversification of investment instruments is urgently needed to encourage people for savings and investment.
“I think our investment instruments are very limited . . . we need better and diversified savings tools rather than savings certificates to encourage people for savings and investment,” said Mashiur Rahman while speaking at a seminar-‘Rural Transformation and Entrepreneurship Development in Bangladesh’ at a city hotel.
Social Development Foundation (SDF) organised the seminar with its Chairperson MI Chowdhury in the chair.
Senior Secretary of the Finance Ministry’s M Asadul Islam, World Bank’s Practice Manger (Agriculture) Loraine Ronchi, and SDF Managing Director AZM Sakhawat Hossain, among others, took part in the discussion, said a press release. Additional Secretary of the Finance Ministry Arjit Chowdhury delivered the keynote address.
Mashiur Rahman said the government set up SDF as a homegrown enterprise to address the issue of poverty and resolve the problems of the poor. Later, the World Bank and other donors and aid agencies joined it as its supporting hands, he added.
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