The Dhaka Chamber of Commerce and Industry (DCCI) underscored the need for developing the bond market as it can be a sustainable solution to infrastructure development and reducing long-term financing needs.
The DCCI came up with the emphasis when its delegation, led by DCCI President Shams Mahmud, called on Planning Minister MA Mannan at his office today, said a DCCI press release.
During the discussion, Mahmud said as per the Global Infrastructure Hub report, Bangladesh needs to invest USD608 billion till 2040 in water, energy, telecom, port, airport, rail and road infrastructures.
Mahmud said Bangladesh needs alternative funding sources to secure infrastructure development and reduce dependence on public fund, development partners and banking sector. “Development of bond market can be a sustainable solution to infrastructure development and reducing long-term financing need,” he said.
The DCCI President said LNG is the short-term solution to the energy need. But, for long-term energy security and fuel accelerated economic growth, he urged for diverse fuel mix and local coal exploration to ensure the need for the next 50 years.