TNAG-2598-FCO40-3786-Appointment-of-Chris-Patten-as-new-Governor-of-Hong-Kong--Ap-1992 — Page 79

ROM BOC GROUP OVERSEAS DIVISION

.0

to

to promote the role of the private

and sector

strengthen Government's anti-poverty efforts. In support of Government's policy for providing greater opportunity to the private sector

in

economic development of Bangladesh, piloted the following steps:

(1)

In consultation

with

donors of two

transformed the character

maior public sector industrial financing institutions (@SB-BSRS) by piloting legislation for permitting private sector

participation

structure, and

(including foreign private sector) in their capital

providing significant administrative and operational autonomy.

(ii)

Adopted

policies

for

permitting

public commercial banks to go for financing of medium and long term industrial investment.

out legal, financial and

mechanism

(iii)

Worked

administrative

(iv)

(v)

for

privatising two leading public sector (nationalised) commercial banks and handing

to over

private shareholders.

them

Formulated the legal, financial and administrative policies for setting up a number of private commercial investment banks specialised

1 institutions in the private sector. and a specialised private bank for small scale industries.

Actively processed the setting up of two

investment

joint-venture

companies with Saudi Arabia and the United Arab industrial

Emirates,

leasing company collaboration of a Company and the IFC.

and an with Korean Leasing

(vi)

Undertook major reforms of the Trade and Industrial Policies through the fiscal and revenue measures in

Government

Budget of

of 1986-87 and

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