Brazilian state-owned bank
Brazil sees more opportunities of collaboration with Bangladesh, says its top bank CEO
Impressed by Bangladesh’s growth and large-scale infrastructure development, Brazil now wants to engage broadly in agribusiness, trade, micro-finance and infrastructure, says chief executive officer (CEO) of Brazilian state-owned bank Caixa Economica Federal (CEF).
“We want to enhance the relationship between Brazil and Bangladesh. I think the relationship can be much larger and much higher,” Pedro Guimaraes told UNB in an interview.
He said like Bangladesh, Brazil is also growing and there is a huge scope of investment and to have greater engagement in agribusiness.
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During his first visit to Bangladesh, the Brazilian economist and his team members visited Old Dhaka, Bangladesh Rice Research Institute (BRRI), Bangladesh Agriculture Research Institute (BARI), Central Bank of Bangladesh, Ministry of Finance, Microcredit Regulatory Authority, Headquarters of Grammen Bank and BRAC and had interacted with the officials apart from meetings with microcredit borrowers.
The Caixa CEO said he is highly impressed to see how the microcredit system is working in Bangladesh and his country is willing to take the lessons from Bangladesh's experience as they want to serve the relatively poor people in his country by developing such a financial scheme. “I think microfinance is growing faster here.”
He said they are going to have an agreement in agribusiness between Brazil and Bangladesh which is at the final stage. “I think that the relationship between Brazil and Bangladesh should increase.”