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ADB keen to assist BD's capital market reforms
The Asian Development Bank (ADB) has expressed strong interest in supporting sustainable reforms and providing technical assistance to the Bangladesh Securities and Exchange Commission (BSEC) to help modernise and develop the country's capital market.
A delegation from ADB conveyed this commitment during a meeting with BSEC Chairman Khondoker Rashed Maqsood at the commission’s office in Dhaka on Thursday.
The visiting ADB team included Manohari Gunawardhena, Senior Financial Sector Specialist at ADB’s Bangladesh Resident Mission, and Mohammad Rashed Al Hasan, Senior Project Officer (Financial Sector). BSEC officials Md Abul Kalam, Syed Muhammad Golam Mawla, and Mohammad Asif Iqbal were also present.
During the meeting, both sides engaged in a comprehensive discussion on the current state and future prospects of Bangladesh’s capital market. Key areas of focus included reform strategies, modernization of infrastructure, and strengthening of market surveillance.
ADB reaffirmed its willingness to offer technical support for long-term market reform.
In response, BSEC expressed interest in building a collaborative relationship with ADB to implement reforms and strengthen the capital market ecosystem, reports UNB.