For the first time, the government has decided to create a state-owned agency, named Sovereign Wealth Fund to provide loans, guarantees and grants to the state and to businessmen to develop the countrys economy. A committee has been formed in this respect, headed by Bangladesh Bank (BB) deputy governor Shitangshu Kumar Sur Chowdhury.
The committee also includes Policy Research Institute (PRI) Executive Director Dr Ahsan H Mansur and has been tasked with the preparation of a proposal to create the fund, disclosed sources in the central bank and in the Banking Division…………………………………..Full Article: Source