Bangladesh: Second Capital Market Development Program
The development of the capital markets was critical in providing long-term financing options for the much-needed infrastructure to support the government’s goal of achieving middle income status by 2021. Investor confidence was shaken and it was urgent to immediately reform the domestic capital market. In November 2012, the Asian Development Bank (ADB) approved a program for the Government of Bangladesh consisting of loans to support capital market reforms, and a technical assistance (TA) to facilitate implementing the reform actions. The program was designed to complement and support the government’s commitment to a meaningful capital market reform.
This report validates the completion report’s assessment of the program. IED overall assessment: Successful.