Bangladesh: Central Depository Bangladesh Limited
| country: Bangladesh
An important lesson from the project is the usefulness and proper sequencing of related technical assistance (TA) in identifying, structuring, and operationalizing the central depository system (CDS). The amount of money involved was not big, but the results were exemplary. The establishment of an automated CDS was identified by a TA that was associated with a public sector program loan. ADB then approved a small-scale TA to provide management and technical support to the Central Depository Bangladesh Limited (CDBL). The TA was well-designed and the consultants were outstanding. In another TA, a quality check of CDBL was conducted before ADB invested in the company. All these TA projects helped ensure the success of the project.