UNB :
A strong and modern UK-Bangladesh financial sector partnership has potential for mutual benefits, the UK Prime Minister’s Trade Envoy for Bangladesh Rushanara Ali MP said recently.
“The basic ingredients already exist: Bangladeshi banks are present in the UK, and British financial services companies like HSBC and Standard Chartered Bank, operate in Bangladesh. Others, including insurance companies, are exploring the market,” she added.
Rushanara also applauded the economic goals Bangladesh has set to reach an upper-middle-income status by 2031 andhigh-income status by 2041.
The British High Commission in Bangladesh recently organised a webinar titled “Bangladesh Capital Markets: A New Frontier.”
Planning Minister MA Mannan attended the event as chief guest. He was joined by Rushanara Ali.
British High Commissioner to Bangladesh Robert Chatterton Dickson delivered the welcome remarks. Deputy British High Commissioner Javed Patel and Development Director Judith Herbertson moderated different sessions.
The webinar explored the functioning of Bangladesh’s capital markets and looked at how capital market reform and financial sector modernisation in partnership with the UK can support increased private sector investment and help Bangladesh achieve sustained economic growth as it enters its next 50 years.
Also, the event highlighted the need for broadening and deepening Bangladeshi capital markets and the opportunities for investors and issuers that reforms could bring. Participants shared insights on the role of regulators, the important role pension funds and institutional investors could play, the private equity and start-up ecosystem, and the current state of the mergers and acquisitions (M and A) market.
