|Published : 23 Sep 2016, 18:32:44 | Updated : 23 Sep 2016, 18:39:49|
Bangladesh a ‘pro-poor’ country, ‘silicon valley’ for innovation: Atiur
Former governor of Bangladesh Bank (BB) Dr Atiur Rahman said the country is ‘pro-poor’ and a ‘silicon valley’ for financial innovation and empowerment of the monetarily underprivileged, said a press release.
The economist said this while speaking at a seminar on Bangladesh's experiences in financial inclusion and inclusive growth, organised by the International Monetary Fund (IMF) at its headquarters in Washington DC on Thursday.
The seminar was chaired by IMF Director for Asia and Pacific Dr. Changyong Rhee, reports BSS.
He said the government’s emphasis on digitisation is the prime reason for Bangladesh to be a ‘pro-poor’ country.
"Indeed, the policy move for faster digitisation has been democratising and enhancing efficiency and inclusion of financial services," he said.
Dr Rahman appreciated BB's initiatives for financial inclusion with the government's Sustainable Development Goals (SDGs), which focuses on sanctioning all especially the poor.
He said this drive for financial inclusion of BB together with cheaper health and social solution helped improve the human development indicators of the country, noting that all this eventually led to faster reduction of poverty and enhancement in life expectancy.
At the seminar, Atiur also gave a brief on the development in the agriculture sector, contribution of mobile financial services and targeted credit programme to boost quality of financial inclusion.
He invited multilateral financial institution like IMF to conduct research and process documentation for understanding the impact of financial studies on the macroeconomic stability and social cohesion. - IH