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Bangladesh elected co-chair of AFI's SME finance workinggroup

Xinhua, May 28, 2015 Adjust font size:

Alliance for financial Inclusion (AFI), the global network of financial regulators, has chosen Bangladesh Bank as co-chair in one of its major policy area -- the SME Finance working group.

According to a statement of the Bangladesh Bank (BB) Thursday, the AFI network members in the SME Finance working Group elected Bangladesh Bank as its co-chair for the next two years on May 27 in Malaysia. Bangladesh Bank will take the position of chair of the working group in 2016, it said.

Bangladesh Bank was chosen by the network members over India, Kenya, Peru and Philippines, the four other candidates, it added.

According to the statement, this is in recognition of the breakthrough policy intervention by Bangladesh Bank to improve access to finance to the Micro, Small, and Medium Enterprise ( MSMEs) and Women entrepreneurs as well as its contribution and leadership towards knowledge exchange and mutual learning in the area of MSME and women entrepreneur lending. Endi