Dhaka, Bangladesh, March 24 -- Bangladesh's regulatory bodies have decided to make coordinated efforts for revamping the country's bond market aiming to meet the long-term financing need of the economy.

The decision was taken at a coordination meeting of some major watchdog bodies, held at the central bank headquarters in Dhaka on Thursday with Bangladesh Bank (BB) Governor Fazle Kabir in the chair.

The watchdog bodies are the BB, the Bangladesh Securities and Exchange Commission (BSEC), the Office of the Registrar of Joint Stock Companies and Firms.

They also included the Insurance Development and Regulatory Authority (IDRA), the Micro-credit Regulatory Authority (MRA), the Department of Cooperatives (DoC) and the Bangladesh Telecommu...