DHAKA, April 29 -- Martin Holtmann, IFC's Country Manager for Bangladesh, Bhutan, and Nepal, has said that microfinance has been an important part of Bangladesh's development journey.

"As our economy transitions from Least Developed Country (LDC) status to the next level, the Microfinance industry can continue to play a crucial role," Martin said.

He said this is the right time for all stakeholders to discuss the key reforms and capacity building that need to be implemented to transition and support the country's growing economy.

"IFC is here to support modernisation of the sector, enable MRA and MFIs to build their own capabilities, introduce modern governance and solid risk management practices, and leverage technology," he said.

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