Pension schemes for informal sector in the offing

block
UNB, Dhaka :
Urging banks to proactively come forward for long-term lending in the infrastructure sector, Bangladesh Bank (BB) governor Dr Atiur Rahman on Saturday said the central bank is working with the government towards putting in place pension savings schemes.
“This move has been taken in view of scarcity of longer-term domestic savings for financing longer term investments, particularly in the infrastructure sector,” he said.
The central bank governor was addressing the inaugural session of an
international seminar titled ‘Banking in Bangladesh: The Leap Forward’ at Radisson Hotel in the city, organised by Association of Bankers, Bangladesh (ABB) with its chairman Ali Reza Iftekhar in the chair.
Dr Atiur informed that the new pension savings schemes will be launched for general citizenry, including NRBs, alongside the existing pension and provident fund schemes for formal sector employees.
The seminar was also addressed by Dr Mohammed Haidar Ali Miah, managing director and CEO of Exim Bank Ltd.
block