Underlining that focus should be to control import and inflation and promote local production for generating employment, the Deputy Governor of Bangladesh’s central bank, Bangladesh Bank, has stressed on enhanced support for CMSME financing in the country for post pandemic sustenance.
As per reports, Abu Farah Md. Nasser made this observation while addressing the 10th Financial Sector Development Working Committee (FSDWC) Meeting organised recently by Business Initiative Leading Development (BUILD) even as he, reportedly, added to ensure the same, Bangladesh Bank has announced new Credit Guarantee Scheme (CGS) on Refinancing against Term Loan of Taka 250 billion of which 75 per cent is for cottage micro and small and remaining for medium enterprises.
At the event, Ferdaus Ara Begum, who is the CEO of BUILD, made two presentations on Constraints of Availing Financial Support of Women Entrepreneurs and Overseas Equity Investment Rules 2022, the studies for which covered four refinancing schemes and four financial schemes by the central bank (Bangladesh Bank).
