Sunday, May 10, 2020
Things You Wont Like About War Peace Essay Topics and Things You Will
<h1>Things You Won't Like About War Peace Essay Topics and Things You Will </h1> <p>Using NFL pullovers is amazingly normal. It resembles a world Parliament. </p> <h2> Choosing War Peace Essay Topics Is Simple</h2> <p>Peace is the absence of war and different threats. Unfortunately, in certain countries, strict wars render a country war torn. Concentrating on the time allotment of 1964-1975, break down the strategies by which the Vietnam War amplified financial, social, and political pressures in the US. The significance of the Vietnam War. </p> <h2>The History of War Peace Essay Topics Refuted </h2> <p>A Peace Essay can take a war for a subject and it may clarify how harmony ought to win, regardless of the entirety of the unrest and the confusion. It is difficult to achieve yet practically difficult to live without. It can't be made with brutality. Harmony won't be easy to accomplish or to get. </p> <p>What you should do is recommend your own arrangement on how harmony can be cultivated. The indication of recognition comes out of a sonnet composed by John McCrae. At that point and just will harmony rule on the planet. At that point there'll be harmony. </p> <p>When you start taking a shot at your paper, you're normally at the point at whatever point you have just the subject of the task got from your teacher. The Indian hypothesis contrasts. At whatever point your instructor doesn't give you representation paper themes, you generally have the alternative to give a shot utilizing some of the subjects on the following list.1. </p> <p>If you're terrified of composing a deficient great paper, you can leave from your task to us. The chief reason for any paper on this theme is to give a technique. You're ready to try and view yourself as fortunate, on the grounds that there is a few perspectives to examine when chipping away at this subject. Break down and study the highlights of Realism inside this choice. </p> <p>Too numerous countries have an over the top measure of military force and don't have to yield to some other country. World harmony is practically unimaginable because of the cash, power, and the jealousy of the people. With customized pullovers of the NFL, you're certain that you have the perfect structure. All countries should partake in the related interests. </p> <h2> The Number One Question You Must Ask for War Peace Essay Topics </h2> <p>The greater part of the world would be against that thought. Identifying a technician is exactly what you should do. Find ing a modest NFL shirt has been an overwhelming endeavor for a great deal of the in-your-face fans paying little mind to the group they support for. You should locate the correct set up for your home and get it installed.</p> <h2> The Death of War Peace Essay Topics </h2> <p>The truth is it's the sole thing that ever has. You shouldn't be bashful with respect to sharing individual contemplations concerning such a basic point. In certain occasions, your point isn't indicated and you should decide it dependent regarding your matter and reason for composing. Indeed, even the hardest papers can be promptly composed by our journalists. </p> <p>It isn't significant how his supposition will be seen thereafter, since such composed work doesn't profess to characterize the truth. On the off chance that you might want to utilize WordPress you should use Linux facilitating. Truly, for most of us it doesn't generally make a difference notwithstanding the norm and administrations data gave by means of the webhost is significantly increasingly significant. </p> <p>If an individual pushes you around, you should be open minded, persistent. So it can't be said that it's in a powerful body. By realizing the impact you're having on an individual's life, sensation will wind up great about yourself and that is inescapable. While fluctuating someone's life by methods for your extravagance of liberality is indispensable, how you sense as you do it's additionally very significant. </p> <h2>War Peace Essay Topics Can Be Fun for Everyone </h2> <p>Cultures and religions are a couple of the things that decide these thoughts. It comes in numerous structures, and now and again, religions are at war with one another. A few religions just need to help out each other. Individuals having a place with different religions and positions live in different pieces of India. </p> <p>Lots of individuals contend that war is a basic malice, and the sole system of understanding universal questions. The nation doesn't have any official religion. Numerous individuals accept the outer world is what gives you harmony or not. In such situations it's inescapable, wanted, and basic for people to acquire harmony. </p> <p>Irrespective of which war you're probably going to expound on, regardless of whether it's the Civil War, WWI, WW2, Vietnam or Iraq War, you need to initially settle on your theme and decide on a procedure of way to deal with use recorded as a hard copy the war paper. Talk about if Operation Frequent Wind at the finish of the Vietnam War end up being a victories of the war for an entirety. Precisely the same can't be said of Keating. </p>
Friday, May 8, 2020
Problem-Solution Essay Topic Ideas
Problem-Solution Essay Topic IdeasA problem-solution essay topic is an idea that has been used by successful essay writers for a long time. They use it to highlight two sides of an issue, which they are writing about. They may then summarize the issues of the paper using one of two approaches: presenting the problem as the solution or presenting the issue as the solution.Here are some problem-solution essay topic ideas that you can use in your essay. The first one is commonly known as solving the problem or the conflict as the solution. The other approach is to use it to present the problem as the solution. These are very useful essay topic ideas because they not only help the writer develop his skill but also help him clarify the points he wants to make.The first key problem is when we believe that something cannot be done because it has not been done before. This one does not pose any problem, but actually solves the problem by taking away the preconceived notion of a writer. There fore, this essay topic idea can also help to resolve the situation.The second problem-solution essay topic idea is known as 'giving up'. The point here is that you may not have the solution but you give up the problem to allow time to solve it. This one will help the writer to better understand the problem as well as resolve it.The next problem-solution essay topic idea is a conflict. This is an issue between two people and when there is no way out, people will have a problem-solution essay topic idea. A conflict can involve two types of problems.One type of conflict is a knowledge issue. There are things we learn as children and while we want to know them, we don't have the answers. So, we hold on to them. This kind of conflict is solved by the essay writer by developing his own knowledge or expertise so that he can find the solutions.Another problem-solution essay topic idea is the issue of choosing between two alternatives. For example, in a situation where you need to choose bet ween running to the store or driving to the store, then you may use this one. In this situation, you have to determine the best way to go, but you know that neither choice is better than the other.Finally, another problem-solution essay topic idea is to use the rule of using the same words repeatedly to solve the problem. This way, you will come across the key points of the problem, which you can analyze to make the right decision. This essay topic idea is really useful for resolving the problems that arise in essay writing.
Yes, Or No Essay Topics - How to Choose One That Is Great
Yes, Or No Essay Topics - How to Choose One That Is GreatYes, or No Essay topics are important topics that every essay needs to have. There are a few things that you need to consider when writing your essay so that it will be very easy for you to do it. Knowing the right topics to write about in your essay will make it easier for you to get all of the information out and find it very simple to edit and keep up with.The main thing that you need to keep in mind is that in order to keep your essay very interesting, you should only put things that are going to matter in the end. There are not a lot of topics that will actually give you that level of interest to be able to really relate to them. Therefore, the one that you are going to use is one that you know that there are going to matter to your subject.Now, you need to decide what kind of essay topics you are going to write. You can go for an essay that has nothing to do with the subject of your choice or you can choose one that does. When choosing your essay topics, you will want to make sure that you are giving information that people will be able to get interest in. A good way to find out this is to go online and look at what other people have written on the topic.Also, there are many different ways to go about writing your essay topic and a good one for you to try will depend on your personal preference. Whether you choose a short topic or an essay that is going to be longer, will depend on the style of your essay.If you have a friend that is writing an essay, you may want to go with their essay topics since they may be writing something similar to what you are. However, if you are using an essay to write for a class or for school, you will want to be more focused and write a more informative essay on the topic.yes or no essay topics To make sure that your essay is going to be easy to read, you will want to make sure that the topics are simple and straight forward. The more that you spend time on your topic , the easier it will be for you to get all of the information that you need to write on the topic.If you know what you are writing and you know that you have a topic that is going to help you get all of the information that you need, then it will be easier for you to get into the mind of your reader and find out what they are thinking. This is an important part of the process that makes your essay look great and is one of the things that will really help you get it done.
Wednesday, May 6, 2020
Essay on Prerequistes of Deliberative Democracy - 1485 Words
Deliberative Democracy strives to bring people together, and discuss their problems in order to create a better form of governmental policy. However, some are skeptical of deliberative democracies ability to get individuals to communicate with one another in modern pluralistic societies like the US. When discussing important political matters, people have the tendency to not pay attention to the arguments of others, as they are only fixated on their own arguments. It is basic human nature for people to act in this way, which is the reason deliberative democrats have outlined certain prerequisites that must be followed, in order for deliberation to take place. Without these certain rules and regulations in the deliberation, it will simplyâ⬠¦show more contentâ⬠¦Democratic deliberation is not about which people are right and wrong, but rather getting people to gather together and discuss the issues that matter the most. It is during this active discussion amongst people that th ey start to learn about each other. Most of the time, it is a lack of knowledge that separate people from one another. Once, they start to understand each other, they can actively engage in creating policies that will benefit their society. In this deliberation, everyone has a voice and all opinions are held as equal, which give the policies created legitimacy, as everyone plays an active role. Without these ideals, respect would be lost and these deliberations would be diminished to shouting matches, which would benefit nobody. Skeptical of deliberative democracy, Rosenberg believes people do not think the way deliberative democrats assume. As explained, in an active deliberation people must practice reciprocity, publicity, and accountability, but Rosenberg believes actual deliberations are likely to stray from these standards. Although it is ambitious for deliberative democracy to ask for impartiality of oneââ¬â¢s own opinion, this simply is not true from a psychological standp oint. Rosenberg explains people judge each other, favor their own judgment, and devalue views that contradict their own. Using developmental
William Shakespeare s Romeo And Juliet - 867 Words
An Infinite Love Movies today have many similarities to plays that Shakespeare wrote in the early 1600s. Archetypes Shakespeare uses in the Romeo and Juliet can be seen throughout modern day movies. Star-crossed lovers, mentors, and the unhealable wound are all archetypes found throughout both modern day movies and Shakespeareââ¬â¢s Romeo and Juliet. Three modern day movies that have these archetypes are The Titanic, The Hunger Games, and West Side Story. A family rivalry between the Capulets and Montagues takes place in the tragedy, Romeo and Juliet. The two star- crossed lovers, Romeo and Juliet, must conceal their love out of fear of their familiesââ¬â¢ disapproval. When Romeo Montague meets Julietââ¬â¢s cousin, Tybalt Capulet, the tension between the two families shows immediately. Tybalt, speaking about Romeo, says ââ¬Å"It fits when such a villain is a guest. Iââ¬â¢ll not endure himâ⬠(1.1.82). This shows the animosity between the two families. This same star- crossed lovers archetype can be seen in the 1997 movie, Titanic. Jack and Rose both set sail on the unsinkable ship, The Titanic. Jack, a poor drawer, buys a ticket to stay in the third-class part of the ship. Rose, who comes from a wealthy family, boards the ship as a member of the first class. Jack saves Roseââ¬â¢s life after she contemplates suicide by jumping off the Titanic. This leads to Jack and Rose eventually falling in love. Roseââ¬â¢s family would never approve of a relationship between her and a man who is not a part of theShow MoreRelatedWilliam Shakespeare s Romeo And Juliet1287 Words à |à 6 PagesLizzy Baginski English Composition 2 Mr. Spera March 10, 2015 Romeo and Juliet Research Paper The movie Romeo and Juliet is a modern classic film that took place in 1996. Overall this is a timeless story that everyone should go and watch. This movie has an intriguing plot line that tells the story of two feuding families, The Montagues and The Capulets, and how the children of these two different families fall in love. The two children overcome various obstacles such as hiding their chemistry fromRead MoreWilliam Shakespeare s Romeo And Juliet 966 Words à |à 4 Pages Beauty Over Gold ââ¬Å"Beauty provoketh thieves sooner than gold.--William Shakespeare, 1623. In his book As You Like It, William Shakespeare pointed out the supremacy of love rather than the want of gold and wealth. Truly, beauty is more important to thieves than wealth. Many of the thieves in this world would rather have an elegant woman than to obtain precious rubies. After all, what good is a prosperous man if he doesnââ¬â¢t have a charming woman? Two famous men grab my attention who didnââ¬â¢t fear forRead MoreWilliam Shakespeare s Romeo And Juliet Essay1024 Words à |à 5 PagesRomeo and Juliet is a tragedy written by William Shakespeare early in his career about two young star-crossed lovers whose deaths ultimately reconcile their feuding families. It was among Shakespeare s most popular plays during his lifetime and, along with Hamlet, is one of his most frequently performed plays. Today, the title characters are regarded as archetypal young lovers. Romeo and Juliet belongs to a tradition of tragic romances stretching back to antiquity. The plot is based on an ItalianRead MoreWilliam Shakespeare s Romeo And Juliet1124 Words à |à 5 PagesThe play Romeo and Juliet is a tragedy written by William Shakespeare early in his career about two young star-crossed lovers whose deaths ultimately reconcile their feuding families. It was among Shakespeare s most popular plays during his lifetime and, along with Hamlet, is one of his most frequently performed plays. Today, the title characters are regarded as archetypal young lovers. Romeo and Juliet belongs to a tradition of tragic romances stretching back to antiquity. Its plot is based onRead MoreWilliam Shakespeare s Romeo And Juliet861 Words à |à 4 Pagesgreatly shown in the play Romeo and Juliet by William Shakespeare. It was love at first sight with Romeo Montague and Juliet Capulet. Meeting at a party and falling in love to get married without even spending quality time with each other. Romeo and Juliet couldn t tell there parents because the Capulets and Montagues are long term rivals. Both Romeo and Juliet had to find different ways and excuses to make this marriage work. A big problem was developed. Romeo kills Juliet s cousin and is banishedRead MoreWilliam Shakespeare s Romeo And Juliet1770 Words à |à 8 Pagesof Romeo and Juliet. The story of two destined lovers who were killed by their own doing. But what if they weren t two destined lovers who got unlucky, but doomed partners that were never going to have a good-life to begin with.William Sha kespeare gives us a view of early signs of gang conflict in the early age of Verona, Italy. He gives us a perspective of the norms and customs of Italy during the Setting of William Shakespeare s most famous story. Romeo and Juliet, by William Shakespeare, givesRead MoreWilliam Shakespeare s Romeo And Juliet1616 Words à |à 7 Pageslove can also cause some of life s most controversial battles. These battles could stem from lack of patience, disagreement of moral values, and in some cases, an absence of attraction overall. In Romeo and Juliet by William Shakespeare, the issues that drive Romeo Montague and Juliet Capulet s to each of their dreadful misfortunes are inevitable. When it comes to many of Shakespeare s plays, Aristotle s theory is used to describe them as tragedies. Romeo and Juliet is known by many as a tragedyRead MoreWilliam Shakespeare s Romeo And Juliet1264 Words à |à 6 Pagestheater-going public the most important dramatist in English literature, Shakespeare oc cupies a well-known position in the world of talented authors. His canon contains thirty-seven plays, written in the late sixteenth and early seventeenth centuries. Additionally, throughout the years, they continue to sustain critical attention, with the majority of his works circling tragedies, one being Romeo and Juliet. William Shakespeare s Romeo and Juliet speaks to the timeless appeal of star-crossed lovers. Their loveRead MoreWilliam Shakespeare s Romeo And Juliet924 Words à |à 4 PagesWilliam Shakespeareââ¬â¢s Romeo and Juliet is a tragedy that follows the so-called love of two teenagers. The two fall in love at a masked ball and have a secret marriage. Throughout the play, their actions show how ridiculous love is, and how it is a danger to anyone who become twisted in its choking grasp. However, in the death of the youth and survival of the elders, an alternative explanation for the tragic events may be found. Although Shakespeare seems to be mocking love throughout the play, itRead MoreWilliam Shakespeare s Romeo And Juliet1279 Words à |à 6 Pagesour lives. The great, classic writers teach timeless, valuable life skills. Shakespeare was the greatest writer of all time. His writings mainly consisted of dramas and sonnets. Romeo and Juliet, as well as, A MIdsummer Nightââ¬â¢s Dream were written about the same time period. He was able to inter relate everything that wrote. For example, the tale of Pyramus and Thisbe could possibly be an advertisement for Romeo and Juliet. The basic structure of the two dramas is the same; two forbidden lovers meet
Die Antwoord by Die Antwoord free essay sample
Die Antwoord is The Answer It is trash, it is meaningless, it is corrupt, it is noise. According to older generations, spiteful teenagers, and sometimes, even guiltily myself, that is what the music of today is considered. Artists and bands today use synthetic sounds and recycled lyrics and in the scene of mainstream music it is hard to tell anything apart. But every once in a while, beneath the wreckage of ââ¬Å"pointlessâ⬠noise, a gem is discovered. A gem so radical and farfetched, it encompasses everything about music today but brings it to a whole new level, and challenges how far society will go to accept something different. Die Antwoord, a South African rap-rave group composed of rappers Ninja, Yo-landi Vi$$er, and the mysterious DJ Hi-Tek, is this gem. Together the trio takes a society programmed to always look towards the future, and moves their music in the same direction. We will write a custom essay sample on Die Antwoord by Die Antwoord or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page I first listened to Die Antwoord after scrolling through my Facebook newsfeed and discovering a link to one of their songs, ââ¬Å"Fatty Boom Boom,â⬠that somebody posted. The video is colorful in South African spirit and the story it tells is bizarre. The groupââ¬â¢s lyrics comprise of English blended in with Afrikaans, and except for the profanity that comes across very clearly, the rest of the words are nearly indecipherable. For all 5 minutes and 43 seconds the video lasted, I stared at my screen in complete awe, jaw dropped, not knowing whether to show disdain, be offended or both. Now, Iââ¬â¢m not one to throw things aside right away, so I decided to give Die Antwoord a second chance. I played back the video and watched it again. This time, I noticed the energy of the music and its infinite array of sounds, and the way the song stayed consistently loud and upbeat all the way through; the entire song was a climax. I noticed the unorthodox dance moves Yo-landi Vi$$er performed in her obscene costumes, and the way she seemed almost tribal, moving her body in the way she felt and giving herself over to the music completely. The energy of the music was undeniable, and by the end of the song again I found myself moving to the rhythm, my eyes dancing over the rainbow scene, and attempting to sing along to the Afrikaans lyrics. After my second round of ââ¬Å"Fatty Boom Boom,â⬠I was hooked on Die Antwoord. I explored their other songs and each one broke down a barrier towards the future. It might even take something extraordinary for me to find another song weird again; Die Antwoordââ¬â¢s music has made me feel comfortable with the unconventional and free from the expanding mainstream. The group is a fascinating force that makes you want to rethink your definition of music and what it really means. Because here is what Die Antwoord has taught me. They have taught me that music isnââ¬â¢t about lyrical content or synthetic notes, music is about moving towards the future, taking what the world has given you and infusing yourself and your culture in it to make it an ever expanding art. Iââ¬â¢d say that right now, Die Antwoord is on the obscure and misunderstood edge of the universe, waiting for something else to go beyond its limits.
Tuesday, May 5, 2020
Development of the Bond Market in Bangladesh free essay sample
It is a privilege to be here this morning at this pioneering event, and I would like to congratulate the Bangladesh Bank and the Securities and Exchange Commission for hosting the first-ever international workshop on the development of bond market in Bangladesh. Bond markets link issuers having long-term financing needs with investors willing to place funds in long-term, interest-bearing securitiBangladeshes. has both the issuers and the investors in place but it still has not been able to link them effectively through a bond market. The positive effect of developing a domestic bond market on the economy is well-known. On the one hand, bond markets are essential for a country to enter a sustained phase of development driven by market-based capital allocation and increased avenues for raising debt capital. On the other hand, the central position occupied by domestic bond markets in markedly increasing the resilience of a countryââ¬â¢s financial system and insulating it against external shocks, contagion and reduction of access to international capital markets is established. Capital markets are essentially about matching the needs of investors with those that need capital for development. Bangladesh has no shortage of both such parties, a young and dynamic population that increasingly wants, and is able to, make provision for lifetime events, to save for childrenââ¬â¢s education, for the possibility of ill health and ultimately for old age and retirement. On the other side of the equation, Bangladesh has a pressing need for investment resources to bolster its stretched infrastructure resources, to build more power stations, bridges, ports and gas-pipelines to empower the people in the development of enterprise and the creation of jobs. Debt markets are an extremely effective mechanism for matching the long term needs of savers with those of entrepreneurs. Term capital is a precious commodity and it has been a frustration to see the process of long term savings, such as provident funds and life insurance contracts, being invested in short term instruments such as bank deposits, a process we call ââ¬Ëreverse term transformationââ¬â¢ but we could equally call it ââ¬Å"reverse alchemyâ⬠in which the gold of term capital is turned into the lead of short term iabilities. As a development institution it is our goal to establish sustainable capacity. As Bangladesh has led the world in its development of the microfinance industry, you have impressed us all with your ability to mobilize funds for productive purposes at the community level in the villages. What we need to see now is a similar degree of success at the institutional level in terms of mobilizing resources for infrastructure and other uses of long ter m funds. At the World Bank, we would like to help you in this endeavor; it is much more useful that Taka funds are mobilized to fund projects whose sole revenue source will be in Taka. I am sure that it is a shared ambition of us all that Bangladesh should play a larger role in mobilizing its own capital resources and reducing the dependency upon donor institutions such as ourselves. We at the World Bank would like to work with you to this end, so that we can move on from providing infrastructure finance for sustainable development to a higher level of developing a sustainable, national, infrastructure financing capacity. Bond markets in most countries are built on the same basic elements: a number of issuers with long-term financing needs, investors with a need to place savings or other liquid funds in interest-bearing securities, intermediaries that bring together investors and issuers, and an infrastructure that provides a conducive environment for securities transactions, ensures legal title to securities and settlement of transactions, and provides price discovery information. The regulatory regime provides the basic framework for bond markets and, indeed, for capital markets in general. Efficient bond markets are characterized by a competitive market structure, low transaction costs, low levels of fragmentation, a robust and safe market infrastructure, and a high level of heterogeneity among market participants. It is my hope that this Workshop will debate and discuss the various initiatives that are necessary to develop the intermediaries, infrastructure and the regulatory regime so that a vibrant bond market becomes a reality in Bangladesh soon. An important element of a domestic bond market is the government bond market. Development of a government bond market provides a number of important benefits if the pre-requisites to a sound development are in place. At the macroeconomic policy level, a government securities market provides an avenue for domestic funding of budget deficits and avoid a build-up of foreign currency-denominated debt. A government securities market can also strengthen the transmission and implementation of monetary policy, including the achievement of monetary targets or inflation objectives, and can enable the use of market-based indirect monetary policy instruments. The existence of such a market not only can enable authorities to smooth consumption and investment expenditures in response to shocks, but if coupled with sound debt management, can also help governments reduce their exposure to interest rate risk ââ¬â a situation that is looming large in the National Savings Certificates market, currency, and other financial risks. Finally, a shift toward market-oriented funding of government budget deficits will reduce debt-service costs over the medium to long term through development of a deep and liquid market for government securities. The prerequisites for establishing an efficient government domestic currency securities market include a credible and stable government; sound fiscal and monetary policies; effective legal, tax, and regulatory infrastructure; smooth and secure settlement arrangements; and a liberalized financial system with competing intermediaries. Since pension and life insurance reform helps in the development of government securities market, starting the process of pension and insurance reform now might be prudent because of the time it takes to feel the positive impact of such reforms on the capital market. While some of these prerequisites have already been met, I hope that this Workshop will discuss the initiatives, their prioritization and the time horizon for their implementation, which will be necessary for putting the rest in place. Before ending, I would like to table a few suggestions for consideration in the Workshop. These are: 1. Creating a bond market in Bangladesh will be a long process, and the hard work of many architects, artisans and craftsmen will be required in the construction. I am optimistic that the foundations are now in place and this seminar is going to be one of many uilding blocks that will help create the market framework. This framework must be solid if a bond market is to gain investors confidence and hence allow public and private sectors to raise capital for the much needed investments in Bangladesh. 2. To ease the process, the Government bonds must come first. To increase the attractiveness of these bonds and to ensure their soundness, Bangladesh Bank w ill need to continue its initiatives to develop the secondary market, lower transaction costs and improve upon the market infrastructure to support secondary market liquidity. The Bangladesh Bank has already achieved a great deal to this end in a very short time. It was not so long ago that government debt market trading was effectively zero; now we see a disciplined, organized market taking shape with maturities in traded securities out to ten years. We congratulate the Governor and his team for their achievements in this field and are proud if we have been able to play some small part in support of the Government and the Bangladesh Bank in this success. 3. Banks are invariably amongst the major users of long term debt markets in order to raise long-term subordinate debt to supplement their capital bases. Many regulators now actively encourage the issuance of debt by banks in the local currency market as a step towards the discipline of ââ¬Å"market monitoringâ⬠envisaged in the Basel II capital adequacy regime. It is probably the case that the state of the banking system in Bangladesh makes this a medium-term project, however, we have already been presently surprised by the progress we have seen in several fields in terms of banking sector reform and debt market development. A prior requirement to facilitate issuance of fixed income capital instruments is the adoption of international accounting standards, and more effective enforcement of Bangladesh Bankââ¬â¢s supervisory standards. The increased use of credit rating agencies has often accompanied this development, but this can add value only to the extent that the opinion of the rating agencies is valued by the market. We have noted with interest the nascent development of a debt rating capacity in Bangladesh and hope to see this sector rise to international standards. . One other extremely important role that debt markets can play is in the development of the housing finance market, an area of activity where the ordinary citizens need to have access to long-term loans to fulfill their dream of owning their own property. While capital markets can not bring down the price of real estate in Bangladesh, efficient capital markets can make housing more affordable, and more attainable, through extending t he maturity of loans and lowering monthly repayment terms. 5. Not only will a bond market require good financial foundations, but long-term investment institutions will also need to be developed with demand for longer maturity assets. The insurance and pension markets are currently not fully developed in Bangladesh. These markets should be reformed as they are the natural buyers of long-term securities. We understand that the Ministry of Commerce is now in the process of disseminating much awaited investment guidelines which will allow insurance companies to offer more competitive products to their clients by allowing them to invest more productively, and securely, in the capital markets. Reform and development of the pension sector, combined with a new approach to the NSS, should be next on the agenda. 6. The World Bank is already working with the Government and Bangladesh Bank on some of these key issues, and we shall be ready to work further with them within the limits of our own comparative advantage. We have been extremely pleased to see the coordinated approach of the Bangladesh Bank, Ministry of Finance, the SEC and the National Board of Revenue to work with IPDC to bring the first securitization transaction to market in Bangladesh. This has been one solid step towards mobilizing finance for entrepreneurs and has confounded those skeptics who thought that securitization is ââ¬Å"too sophisticatedâ⬠for Bangladesh. Perhaps those skeptics would benefit from seeing the collected talent and enthusiasm for development gathered here in this room today. We would very much like to hope that the next securitization will be another transaction close to our heart, that of the securitization of a portion of the toll revenues of the Jamuna Bridge. The IPDC loan securitization was a long time in the making and the Jamuna Bridge securitization appears to be following the same path. This is a transaction which all experts agree would have a major positive impact not only on capital market development in Bangladesh, but also in mobilizing taka finance for other strategic infrastructure developments such as the proposed Padma Bridge. We can only hope that the Jamuna Bridge securitization will enjoy the same long term success. To facilitate this process, it would be useful to have designated counterparts from the Government and Bangladesh Bank. Such a crucial market as a domestic bond market needs excellent domestic regulation and supervision if investors and borrowers are not to be disappointed or worse. It cannot be created by outsiders. Along with you all, I am eagerly looking forward to the technical sessions, which have been very well-organized. In conclusion, I would urge the participants to discuss the issues at length and provide some specific recommendations for the Government, Bangladesh Bank, the SEC, and indeed all the stakeholders, which can be implemented immediately. This could pave the path for a well-functioning bond market that can change the existing bank-oriented financial system to a multilayered system, where capital markets can complement bank financing. I wish the workshop and its participants all success.
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