34908-014: BAN: CENTRAL DEPOSITORY BANGLADESH LIMITED

Project Data Sheet (PDS): Overview


Description

The current delivery, settlement and transfer procedures are handled manually and plagued by lengthy delays, risks of damage, loss, forgeries, duplication and considerable investment in time and capital. The establishment of a Central Depository Company would not only minimize these problems, but also assist in the development of the capital market. By having a central depository in place, the credibility of the country's Stock Exchange in the eyes of the prospective foreign investors is ... Read More

Country Bangladesh
Borrower/Equity Investment Name
Project Number 34908-014
Type or Modality of Assistance PS
Financing Private sector (Nonsovereign)
Status Approved
Approval Number 7177
Approval Date 15 Aug 2002
Geographical Location Dhaka, Bangladesh
Sector Finance
Subsector Money and capital markets
Safeguard Categories Environment: C

 

 

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

Project Data Sheets (PDS)

Responsible ADB Officer
Janette A. Hall
Request for information

Responsible ADB Department
Private Sector Operations Department

Responsible ADB Divisions
Capital Markets and Financial Sectors Division

PDS Creation Date
26 Aug 2006

Last PDS Update
28 Aug 2006

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