Bangladesh, Aug. 21 -- A delegation of the World Bank Group (WBG) on Thursday held a meeting with the securities regulator to discuss legal frameworks required to launch the proposed Mortgage Refinance Company (MRC) in Bangladesh.

Advertisement The meeting was organised as part of an attempt to conduct a feasibility study on the MRC that is expected to facilitate long-term housing finance in the country.

Officials of the Bangladesh Securities and Exchange Commission (BSEC) said the proposed company would have to be formed by formulating a law, and that the government was likely to consider the feasibility study of the WBG.

The company that would refinance would need capital.

"That's why a possible refinancing strategy was discussed a...