Dhaka, Sept. 22 -- Finance Adviser Salehuddin Ahmed today stressed the urgent need for Bangladesh to shift its funding model away from high reliance on bank debt towards a robust capital market, arguing that the current system facilitates defaults. "Private sector participation in bonds is very poor. To meet financial needs,we must raise funds from the capital market rather than through loans," hesaid.

The adviser made these remarks while speaking at a seminar titled "Unlocking Bangladesh's Bond and Sukuk Markets: Fiscal Space, Infrastructure Delivery and Islamic Money Market Development" jointly organised by the Bangladesh Securities and Exchange Commission (BSEC) and the Dhaka Stock Exchange (DSE) at the DSE Tower in the city. Urging g...