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Seminar on Achieving SDGs in Bangladesh: The Role of the Banking Sector held at BIBM


Press Release
Dhaka,09 September 2018
A day long seminar was held at the Bangladesh Institute of Bank Management (BIBM) on 09 September 2018, in its auditorium. A paper titled " Achieving SDGs in Bangladesh: The Role of the Banking Sector " was presented in the seminar by Md.Mohiuddin Siddique, Professor and Director (DSBM). Other members of the team are Md. Abdul Kayum,Faculty Member, BIBM; Tanweer Mehdee, Assistant Professor, BIBM; Tahmina Rahman, Assistant Professor, BIBM; Antara Zareen, Assistant Professor, BIBM.
The study identifies the problem areas as well as success factors in Achieving SDGs in Bangladesh: The Role of the Banking Sector. A good number of participant’s senior bank executives, academicians, media representatives, faculty members, officers of BIBM participated in the seminar. BIBM Director General Toufic Ahmad Choudhury Chaired the Program. Dr. Prashanta Kumar Banerjee, Professor & Director (RD&C) of BIBM delivered welcome address.
Shitangshu Kumar Sur Chowdhury, Banking Reforms Adviser and Former Deputy Governor of Bangladesh Bank was present in the seminar as the chief guest. BIBM Muzaffar Ahmad Chair Professor Barkat-e-Khuda, SA Chowdhury, Former Managing Director of Sonali Bank; Md.Ali Hossain Prodhania, Managing Director of Bangladesh Krishi Bank; Faruk Mainuddin Ahmed, Managing Director and CEO of  Trust Bank Limited; Md. Mehmood Husain, Managing Director and CEO of NRB Bank Limited.
Shitangshu Kumar Sur Chowdhury said, Bangladesh Bank has been pursuing its Monetary and Credit policy with a view to facilitating and strengthening economic growth, strategically focusing on inclusive financing through SME financing, Micro Finance, Agriculture Financing, Special financing for vulnerable groups including youth and women, Green Financing. One of the core functions of the Bangladesh Bank is to formulate and implement Monetary Policy, broadly fixing some monetary and credit targets aligned with SDGs and their targets.
As per the study, more than 80 per cent of Sri Lanka’s population have bank account, and the figure is 53 per cent in India. In Bangladesh, salaries of only 1.6 per cent government and private employees are disbursed through banks against 31 per cent in Malaysia and seven per cent in Sri Lanka, showed the study. Affiliation of the country’s people to using debit card, savings and other financial activities is also lower compared with India, Sri Lanka and Malaysia, it said.
SA Chowdhury said that banks disbursed 85 per cent of their loans in Dhaka and Chittagong, which was a great hindrance to achieving SDG goals. Disbursement of loans to actual farmers would help financial inclusion, said Md Ali Hossain Prodhania adding that the BKB was giving the highest emphasis on ensuring disbursement of loans to farmers.
Barkat-e-Khuda said that economy was being affected by 2 per cent due to corruption and another 2 per cent due to traffic congestion. Elimination of these two could take the gross domestic product growth to 11 per cent, he said. Corruption and traffic congestion must be eliminated, he said.
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Written by Manager

Monday 10th September 2018