TBS Report

December 12, 2021, 9:15 p.m.

Last modification: December 12, 2021, 9:32 PM

The International Monetary Fund (IMF) is pleased with the performance of the country’s stock market, said Professor Sheikh Samsuddin Ahmed, commissioner of the Bangladesh Securities and Exchange Commission (BSEC).

The international finance organization expressed satisfaction at a BSEC meeting on Sunday attended by a six-member delegation, including IMF Resident Representative for Asia-Pacific Jayandu Dey and Division Chief Rahul Anand.

Discussions were held on the overall development of the stock market and good governance under Article 4 of the IMF.

Samsuddin Ahmed said there had been fruitful discussions on capitalizing a macroeconomics through the stock market, creating potential entrepreneurs and introducing new types of securities to increase capital flows.

Participants also discussed the consolidation of various types of bond markets, including municipalities, under the income securities and bond market regime.

During the meeting, Sheikh Samsuddin Ahmed described the overall activities of the Commission for the Development of the Stock Market over the past year. He also briefed on the various activities undertaken for the development of governance, including the amendment and formulation of relevant laws and regulations of the stock market.

He also touched on the committee’s commitment to launch a separate platform for small capital companies, measures taken in the over-the-counter market, increasing capital inflows through corporate bonds and l uniform application of the law for greater transparency.