The Asian Development Bank (ADB) will provide support for the development of the capital market of Bangladesh and also for the Chittagong Stock Exchange (CSE).

Teresa Kho, Country Director of ADB gave the assurance while visiting the office of the Chittagong Stock Exchange (CSE) Monday.

CSE President Al Maruf Khan sought ADB’s cooperation for introducing derivatives market in Bangladesh and also for establishing market integrity after demutualisation of the exchanges.

Maruf Khan also looked for ADB’s cooperation to establish corporate governance in organisational form. Besides, he requested for CSE’s participation in ADB’s local and regional dialogues.

In response, Teresa Kho gave reassurance that she will discuss the issue to ADB headquarters in Manila regarding CSE’s participation in the regional dialogues.

On her arrival, CSE President Al Maruf Khan FCA welcomed Teresa Kho at the CSE. During her visit, Teresa Kho also met CSE Board of Directors.

Mentionable that the CSE has been in close cooperation on various issues on capital market development initiates with the ADB. CSE houses ADB Depository Library arranged through an MoU signed between the ADB and the CSE in July 1998.

CSE Vice President MKM Mohiuddin give vote of thanks and also emphasised ADB’s support for introducing derivatives market in Bangladesh capital market.

Syed Sajid Husain, Chief Executive Officer of CSE made a corporate presentation before ADB delegates.

CSE’s former president Nasiruddin Ahmed Chowdhury, Directors ASM Nayeem, Bijon Chakraborty, Mohammed Mohiuddin FCA, Shahzada Mahmud Chowdhury, Zaidi Sattar and Abdul K A Mubin were also present in the meeting.

News: The Daily Sun/Bangladesh/13-Nov-12