ZCZC
BSS-21
BIBM-AGRICULTURE-PRODUCT
Experts for financing agro-based new products
DHAKA, July 24, 2019 (BSS) – Speakers at a seminar in the city today suggested financing for the agro-based new products to diversify the country’s export items.
They made the suggestion at a seminar on “Impact of Bank Based Rural and Urban Financing on Economic Growth of Bangladesh” at the Bangladesh Institute of Bank Management (BIBM) auditorium here, said a press release.
Chairman of the BIBM Executive Committee and Deputy Governor of Bangladesh Bank SM Moniruzzaman attended the seminar as the chief guest while former Professor of Dhaka University Barkat-e-Khuda, Supernumerary Professor of BIBM and former Managing Director of Pubali Bank Limited Helal Ahmed Chowdhury, Managing Director of Bangladesh Krishi Bank M Ali Hossain Prodhania and Professor of Dhaka University Dr Mahfuzul Hoque spoke, among others, at the event.
A paper titled “Impact of Bank Based Rural and Urban Financing on Economic Growth of Bangladesh” was presented in the seminar by Associate Professor of BIBM Mohammed Sohail Mustafa.
Moniruzzaman said distribution of credit to the different private sectors has also significant impact on the economic growth. He said, the Gross Domestic Product (GDP) is related to the country’s economic activity and the country’s gross domestic product is an indicator that reveals the country’s economic situation and its trends.
In scientific literature there are plenty of studies that analyses the relationship between lending and economic activities, he added.
BIBM Professor and Director (Training) Dr Shah M Ahsan Habib delivered the welcome address while Executive Director of Bangladesh Bank and Director General of BIBM M Nazimuddin Chaired the Program.
Barkat-e-Khuda said, “We need to work together for getting expected results for our financial sector.”
He hoped that the outcome of this seminar would be very helpful for all concerned.
BSS/PR/KUC/GA/1806 hrs