Great potential for inter-regional trade and economic cooperation is emerging in South Asia, particularly between Bangladesh, India, Nepal and Bhutan, due to the country’s infrastructure development, said former Bangladesh Bank governor Dr Atiur Rahman on Friday.
He came up with the remarks while addressing a conference organised by BFIN in Kathmandu, Nepal, according to a press release. The conference was inaugurated by the finance minister of Nepal. The governor of Nepal State Bank was also present.
“Connectivity with South Asian nations is expected to increase following the opening of the Padma Bridge and Matarbari deep seaport. These regions are already experiencing a notable change in trade and collaboration,” Atiur said.
He added, “Policy activities are underway to increase financial connectivity and boost cooperation. The government of India and the Bangladesh Bank are playing a leadership role in this regard. The central banks of Bangladesh and Nepal are working together as well to make this cooperation initiative successful.”
He also stressed the implementation of the MoU signed between Bangladesh and Nepal on cooperation in the power sector and increasing bilateral trade cooperation.
Atiur said, “The development of the regional grid with the help of India is opening new opportunities for hydropower trade from Nepal.”
He also highlighted the success story of building hundreds of LEED-certified apparel factories as a result of green financing.
“Bangladesh has emerged as one of the most successful examples in this area using digital technology in the field of financial inclusion. There is also a great collaborative opportunity in developing the region's human resources to accelerate the process of inclusive green growth,” he added.
In another session, Atiur also emphasised the need to develop skilled human resources in the modern banking sector.
