BB vows support for private sector on SME loans

Business Desk:

Bangladesh Bank is ready to provide all possible support, including policy reforms and easier loan access, to strengthen the country’s private sector, said Nawshad Mustafa, Director of the central bank’s SME and SPD departments.

Speaking at a seminar organised by the Dhaka Chamber of Commerce and Industry (DCCI) on Saturday, Nawshad noted that the SME loan policy has already been revised to simplify credit access. He encouraged businesses to provide specific feedback on where flexibility is needed. “Instead of saying ‘make loans easier,’ tell us exactly how and where it would help. We will consider those points in future revisions,” he said.

Highlighting the private sector as the main driver of Bangladesh’s economy, Nawshad also stressed the importance of timely and reliable data for effective policymaking. “Data from 2024 discussed in 2025 won’t lead to timely solutions,” he said, adding that Bangladesh’s monetary policy is not yet fully credit-oriented, and future reforms in this area could bring positive changes.