The State of in Developing Countries: Perspective Ananya Raihan October 24, 2001, Geneva E-Finance Bangladesh Centre for Policy Dialogue

What About Status of Access to Credit by SMEs E-finance in Bangladesh E-finance Initiatives in Bangladesh Challenges of E-finance for LDCs

Status of Access to Credit by SMEs 50.53% of SMEs have no access to formal source of finance Only 35.79% of SMEs enjoy unrestricted access to credit Bank credit is less than 20 percent of total fund outlay Majority of the SMEs seek finance for working capital needs

E-finance in Bangladesh Credit card and POS services Telebanking ATM Online corporate banking EFT Intenet Banking

E-finance Initiatives in Bangladesh E-finance for Self Employment Secured Transaction Law and Electronic Collateral Registry E- Credit for SMEs

E-finance for Self Employment A Grameen Bank Initiative A Network of ATM and POS Country wide Smart Card Initially Serving Own Clients of Micro-finance Gradually Other MFI members SME Clients Large Clients Access to Credit Will Improve by 10%

Secured Transaction Law and Electronic Collateral Registry Problems of Access Collateral Security: Problem for 79.4 percent of SMEs Credit Risk Information Realisation of Credit Claim

Secured Transaction Law and Electronic Collateral Registry Solutions Collateral Security: Immovable Property Country wide Centralised Network Based Collateral Registry System Secured Transaction Law

Secured Transaction Law and Electronic Collateral Registry Impact Improved Access to Credit Improved Risk Management by FIs Informal to Formal

E- Credit for SMEs Initiator: BASIC Network Infrastructure and Shared ATM Higher Limit Credit Cards addressing Working Capital Problem

Building Foundation for E-finance Online Business Information Services E-Credit Information

Challenges of E-finance for LDCs Network Infrastructure Capacity Building: Human, Technical and Regulatory Investment Legal Infrastructure Macro Policy E- Culture

E-finance: Bangladesh13 Intra-bank and Inter-bank Connectivity: »Local and Global Bank-Client Connectivity Security of transaction Network Infrastructure p

E-finance: Bangladesh14 Central Bank: Quick Settlement, Online credit Information, Skilled e-Manpower, Regulatory Framework FIs: Understanding E-finance Capacity Building: Human, Technical and Regulatory p

E-finance: Bangladesh15 Misconceived Investment Strategy Inadequacy of Investment Investment p

E-finance: Bangladesh16 Amendments of a Set of Laws Incorporation of New Laws: Cyber Law and digital signature law Digital Crime: Network Security and Penal Code Legal Infrastructure p

E-finance: Bangladesh17 Currency Convertibility: Access to Global Finance International Reserve: Money Laundering Clear cut instructions for electronic transaction in Forex Manual Macro Policy p

E-finance: Bangladesh18 Technical Assistance Investment Funding of Technical Assistance Pioneering Initiatives What to Do p