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Bangladesh and Qatar conclude MoU on cooperation between the two Central Banks

Bangladesh and Qatar conclude MoU on cooperation between the two Central Banks

Foreign Minister of Bangladesh Abul Hassan Mahmood Ali, MP yesterday called on the Central Bank Governor of Qatar Sheikh Abdulla Bin Saoud Al-Thani at the Qatar Central Bank and held fruitful talks regarding cooperation of the two Central Banks. At the end of their meeting, Foreign Minister Mahmood Ali and Governor Sheikh Abdullah signed an MoU on the cooperation between the two central banks. During the discussion, Governor of Qatar Central Bank Sheikh Abdulla lauded the leadership of Bangladesh for rapid development in Bangladesh. Foreign Minister Mahmood Ali intimated the ongoing projects in Bangladesh and elaborated the policy of regional connectivity and economic integration adhered by Bangladesh. Governor of Qatar Central Bank proposed to send a Qatari delegation to discuss the ways and means of cooperation between the two Central Banks under the purview of this MoU. Foreign Minister Ali hoped that Governor of Bangladesh Bank may also visit Qatar to further deepen this cooperation.

Foreign Minister Mahmood Ali also called on the Chief Executive Officer of the Qatar Investment Authority (QIA) Sheikh Abdullah Bin Mohammed Bin Saud Al Thani at the QIA Headquarter. QIA is the single authority, which decides on Qatari investments abroad. Foreign Minister Ali briefed on the ongoing development activities in the country led by the Government of Prime Minister Sheikh Hasina. He added, Bangladesh attained 7.1% GDP growth rate in the last fiscal year and poised to achieve similar or more growth in the current fiscal year. With the continued economic prospect, Bangladesh is looking forward to achieve 8% or more growth leading to 2021. CEO of Qatar Investment Authority appreciated Bangladesh’s remarkable progress and expressed willingness of the Government of Qatar to invest in LNG, power generation, investment in the Special Economic Zones (SEZs) and other infrastructural development projects in Bangladesh. Foreign Minister Ali informed that a high powered delegation from Bangladesh would visit Qatar to discuss on the possible areas of economic and development cooperation with Qatar in the sideline of the 17th Doha Economic Forum to be held from 14-15 May 2017.

Foreign Minister of Bangladesh Mahmood Ali later called on the Vice Chairman of the Qatar Chamber of Commerce and Industries Mohamed bin Ahmed bin Twar. At the outset praising the workers from Bangladesh Vice Chairman of Qatar Chamber Mohamed Twar stressed on the need to have skilled and professional work force from Bangladesh in Qatar. Foreign Minister Ali expressed Bangladesh’s readiness to engage with Qatari Government to set up a mechanism for recruitment, while he proposed establishing training center for Qatar bound workers of Bangladesh with the assistance of Government of Qatar. They also discussed the rapid economic progress of Bangladesh, ways to increase the bilateral trade and investment and regular exchange of business delegations.

Foreign Minister Ali visited a newly developed area in Doha- the Katara Cultural Village. He took a tour and also visited the art gallery, where an exhibition of paintings from eminent Bangladeshi artists is being held organized by the Embassy of Bangladesh in Qatar.

Foreign Minister and his delegation arrives Dhaka this morning.

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Publish Date: 
Tuesday, May 9, 2017