February 8, 2007

ADB’s $3 million for Bangladesh

ADB is going to offer $3 million to improve domination performs in the capital market and insurance segment. This project will work for developing governance practices in the capital market and insurance sector.

HindustanTimes reported:

he project will strengthen the governance, regulation and supervision of the capital market and boost the regulators' capacity.
It will also support government-led reforms being pursued in the insurance sector, including a revamp of the insurance legislation and the establishment of a new regulatory authority based on international best practices said a press release from ADB.

This Manila based organization is working for tumbling poverty in the Asia-Pacific region through pro-poor sustainable economic growth