Bangladesh Bank governor Atiur Rahman today called for the development of a stronger domestic debt market, but warned against issuing the country's first sovereign bond denominated in dollars before the state elections at the end of the year.

Currently, he said, there is a "huge" reliance on bank financing in both the public and the private sector, which limits the ability of both to source funding.

The country's finance minister, Abul Maal Abdul Muhith, last month expressed a preference to