IMF to support BSEC for bond market development

International Monetary Fund (IMF) has assured the Bangladesh Securitas and Exchange Commission (BSEC) of extending its support for developing the bond and capital markets.

The assurance came on Sunday when a six-member delegation led by IMF’s Asia-Pacific Resident Representative Jayendu Dey and Division Chief Rahul Anand visited the BSEC in Dhaka on Sunday, said the BSEC in a statement.

The meeting discussed various aspects of Bangladesh’s capital market, especially the introduction of new types of securities to increase capital flows and market growth of fixed income securities, it said.

The demand for infrastructure bonds, municipal bonds, and various community-based services to finance various development projects of the government was highlighted.

BSEC Commissioner Shaikh Shamsuddin Ahmed said the IMF expressed its interest in developing the bond and capital markets in Bangladesh.

Speaking at another event jointly organised by the Bangladesh Institute of Capital Market (BICM) and Capital Market Journalists’ Forum (CMJF) said the capital market of Bangladesh has a bright future.