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19 March, 2022

HOW BANGLADESH BANK CAN HELP FOR THE DEVELOPMENT OF THE FINANCIAL SYSTEM OF THE COUNTRY

 Being the central bank of the country, Bangladesh Bank (BB), is trying to operate as a modern, dynamic, effective,  and forward-looking  central banto  manage the country’s monetary and financial system with a view to stabilizing the internal and external value of Bangladesh Taka conducive to rapid growth and development of the economy.

 

 The activities that helps the development of the financial systems of the country are :

 

        Providing effective prudential supervision;

        Ensuring information access,

        Market intelligence, and contingency planning to avoid systematic risks;

        To assist banking and financial entities to become efficient and competitive;

        Discover new modalities for delivering agricultural & industrial credit;

        Enhance the access of small and medium enterprises to investment funds;

        Further develop the market in public and private debt and risk capital;

    Promoting measures for inclusion of people hitherto bypassed in formal financial systems.

 

In addition, the Bangladesh Bank will continuously adopt necessary measures for taking a proactive  stance  in  decision  making;  compiling  relevant  statistics  and  conductinhigh quality and timely economic research to review the country’s financial and economic conditions to support decision making; ensuring efficient and professional management of BB’s human and financial resources; and establishing BB’s distinct identity based on its values and strategic roles.