‘Invest in productive sector

Posted by BankInfo on Mon, Sep 01 2014 11:30 am

The Central Bank Deputy Governor Nazneen Sultana yesterday urged the non- residence Bangladeshis (NRB) to invest their hard earned money in country’s productive sector to facilitate economic growth.
“Country’s economy is gradually growing but this is not enough, we have to attain our expected level of economic development, the BB deputy governor said while addressing a seminar tilled as ‘Survey of Impact of migration on Poverty and Development’ at city’s Brac In centre. The day long seminar was organized by Refugee and Migratory Movements Research Unit (RMMRU) of Dhaka University.
She suggested the NRB,s to invest their money  in country’s SME and agro sector to ensure economic advancement.
The central bank is continuously encouraging all private banks to provide access to finance for country’s underprivileged people to receive financial assistance so that they can operate their business smoothly.
The aim of the central bank is ‘inclusive financial growth and viable economy’ and to implement the theory, we introduced low rate SME and agro loan under refinance facilities.
Considering the necessity of a vibrant economy, the deputy governor said that migrant people can take loan from the bank for using any kinds of productive sector.
Already the central bank approved foreign loan for country’s business community and the rate is very low comparing with the local financer which will help them to operate their business smoothly, also added the deputy governor.
However, talking to the ‘The Independent’ Professor Mustafizur Rahman, Executive Director, CPD said the ‘the Independent’ that the non resident Bangladesh should invest their money in the productive sector instead of constructing house, building and so on.
Meanwhile, Tasneem Siddiqui , chair of RMMRU presented a key note paper titled “Impact of Migration on Poverty and Development” 
Hossain Zillur Rahman Former Advisor to the Caretaker Government prented the seminar as the chief guest.
The day long seminar also participated by Dr. Khondaker Showkat Hossain, Secretary Ministry of Expatriates’ Welfare and Overseas Employment, Zahid Hussain, Lead Economist of World Bank, . Siroco Messerli, Deputy Head of Cooperation, Swiss Agency for Development and Cooperation, and M Riaz Hamidullah, Director General of  Economic Affairs.

News:The Independent/1-Sep-2014

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