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Bangladesh Financial Sector Faces Low Risk in the Short Term


The Bangladesh Bank governor Dr. Salehuddin Ahmed has said that the financial service sector in Bangladesh has low exposure or risk to banking and investment firms in the US and Europe. He said therefore the financial sector would not suffer the consequences of the global financial shock. However, he cautioned that a prolonged global downturn could hit aid and trade.

Dr. Ahmed attended a roundtable on the Impact of Financial Crisis in South Asia which was held on Oct 10 at the World Bank headquarters in Washington DC on the sidelines of the WB-IMF annual meeting. He made the comment after returning home.

Amir Khasru has the details.

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