Capital market remains underdeveloped: IMF

Dhaka,  Wed,  28 June 2017
Published : 17 Jun 2017, 14:45:19
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Capital market remains underdeveloped: IMF

FE Online Report


Capital market in Bangladesh is underdeveloped and the banking sector dominates as a source of intermediated financing to companies.

Against the backdrop, the International Monetary Fund (IMF) opined that capital market development is a key structural reform priority.

The fund also mentioned that reform steps are crucial to remove financial sector distortions and develop further the government bond market.

IMF made these suggestions in its latest Article IV consultation report released early in this month.

The report mentioned that Bangladesh’s investment needs are large and commercial banks’ ability to carry out this function will remain limited.

“Developing capital markets for financing long-term private investment would greatly improve future long-term growth prospects both by increasing the level of investment and aiding the efficient intermediation of savings,” said IMF.
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