Experts Call for New Financial Inclusion Model in Bangladesh
What happened
During a dialogue in Dhaka, experts noted that while digital finance is growing in Bangladesh, many small and micro businesses still struggle to access formal finance due to poor records and lack of collateral. Hossain Zillur Rahman called for a new paradigm for financial inclusion, while Enamul Haque advocated for linking training, finance, credit, and repayment records to address these barriers.
From thedailystar.net
Why it matters
The discussion highlighted that the growth of digital payments has not yet made credit more affordable for small businesses. Experts suggest that treating financial inclusion as a development strategy is necessary to overcome systemic failures in record keeping and credit access within the country.
Hossain Zillur Rahman coordinates the SACA project in Bangladesh.
From thedailystar.net
Who's involved
- Hossain Zillur RahmanExecutive chairman of the Power and Participation Research Centre, advocating for a new financial inclusion paradigm.
- Enamul HaqueDirector general of the Bangladesh Institute of Development Studies, calling for better record maintenance.
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The entities involved
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Hossain Zillur Rahman
Bangladeshi economist
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Bangladesh
country in South Asia
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Enamul Haque
Bangladeshi-born theoretical condensed matter physicist
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