Former Director General, Bangladesh Institute of Bank Management (BIBM)
Even if the financial sector is not directly included in budget revenue and expenditure, the banking sector becomes involved through the financing of the budget deficit. The security market has not yet become supportive in that sense.
The Chief Adviser of the Interim Government, Dr. Mohammad Yunus, is scheduled to visit China on a four-day state visit on March 26. This will be Dr. Mohammad Yunus' first bilateral state visit to China since taking over the responsibility of state administration. While there are various reasons why Dr. Yunus' visit to China is significant, the most important aspect is strengthening bilateral economic relations. The visit is also politically significant, but it is expected that economic issues will take precedence. China's economic influence worldwide cannot be denied. At present, China is one of the largest financial aid providers globally. China has been generously providing financial assistance to various countries, including Sri Lanka and Bangladesh.
Dr. Toufic Ahmad Choudhury, former Director General of the Bangladesh Institute of Bank Management (BIBM), stated, "Entrepreneurs in developed countries rely on the capital market for long-term loans because long-term bank loans carry the risk of mismatch. We can encourage entrepreneurs to shift towards the capital market, but first, it must be established as a center of trust for them." He shared these insights in an exclusive interview with Views Bangladesh, where he discussed the current state of the country's capital market with MA Khaleque, an economics writer, and Girish Goiric, the associate editor.