Business Finance for the Poor in Bangladesh (BFPB), a £25m financial sector reform programme funded UK Aid and managed by Nathan Associates organised “Action-Framing Conference: Transforming Financial Market for Small Businesses” on Wednesday at the Radisson Blu Water Garden in the capital.
Shahriar Alam, State Minister for Foreign Affairs graced the event as the chief guest. Ashadul Islam, Senior Secretary, Financial Institutions Division, Ministry of Finance, was also present, said a press release.Shahriar Alam discussed the significance of making financial accessibility and developing national funds more accessible and universally available. He addressed the importance of gaining trust and its correlation to the increment in domestic demands of the overall market.
Ahmed Jamal, Deputy Governor, Bangladesh Bank and project leader of BFPB inaugurated the event with his welcome remarks. He talked about the phenomenal positive changes and the positive impacts they have achieved over the past decade for small enterprises.
The day-long event comprised of four panel discussion sessions where panelists discussed harnessing digital transformation for improving Bangladesh’s financial landscape, adopting omni-channel distribution model in Bangladesh, creating a blended finance architecture for catalysing impact investment and the role of market facilitators to further catalyse policy reforms and private sector investment.
The event concluded by awarding public and private sector innovators for their contribution in driving the SME agenda.