Thursday, March 7, 2013

Economic system of Bangladesh

 Overview of economic system of BanglaDesh

The financial set-up of BanglaDesh is comprised of three broad fragmented sectors:

    Formal Sector,
    Semi-Formal Sector,
    Informal Sector.

The sectors are categorized  with their regulations.

The formal sector includes all regulated institutions like Banks, Non-Bank financial institutions (FIs), Insurance companies, Capital Market Intermediaries like Brokerage houses, bourgeois Banks etc.; micro Finance institutions (MFIs).

The semi formal sector includes those institutions which ar regulated otherwise but don\'t fall into the jurisdiction of financial organisation, Insurance Authority, Securities and Exchange Commission or any other enacted financial regulator. This sector is principally pictured by specialised financial institutions like House Building Finance Corporation (HBFC), Palli destiny Sahayak Foundation (PKSF), Samabay Bank, Grameen Bank etc., Non Governmental Organizations (NGOs and separate government programs.

The informal sector comprise of the institutions which are free and  fully unregulated.
Source:Bangladesh Bank

No comments:

Post a Comment