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The private sector as an engine of economic growth is playing a key role in Bangladesh's progress, but limited access to finance still remains as a major barrier to developing new entrepreneurs, analysts said yesterday.

They also suggested creating an 'entrepreneurial ecosystem' to develop and promote entrepreneurship in Bangladesh.

The entrepreneurial ecosystem concept refers to the collective nature of entrepreneurship, as new enterprises emerge and grow not only because of heroic, talented and visionary individuals.

Image: Analysts attend a discussion on how to develop entrepreneurs in Bangladesh, organised by the Prothom Alo in association with Daffodil International University, on the premises of the newspaper in Dhaka yesterday. Photo: Star