Bangladesh Bank (BB) is preparing a guideline for streamlining bank's financing to the IT (information technology) sector especially to the software development initiatives, a BB official said

The central bank already formed a committee as a step forward to prepare the guideline.

 
The committee titled "Committee for IT-based SME Financing" includes representatives from the Prime Minister's Office (PMO),

the Ministry of Information and Communication Technology, Bangladesh Association of Software and Information Services (BASIS) and BB.

The committee would be the base working group to prepare and finalise the guideline after consultation with all relevant groups, organisations and institutions, the official said.

"It would primarily assess the risks in IT business in Bangladesh and rate the IT firms on the basis of their efficiency and skills in business and risks management," the official said.

"IT firms especially those are in software development depend mainly on skilled manpower like software engineers.

If a firm for some reasons loses its skilled staff than it faces trouble in keeping the pace of business and eventually becomes risky for financing,"

General Manager of SME and Special Programmes Department of BB Sukumol SinghaChowdhury said.