The document discusses the importance of capital markets for economic development in Bangladesh. It defines capital markets as markets for long-term funds that can raise capital to accelerate industrialization and privatization. Capital markets increase long-term savings, provide equity and infrastructure development capital, and allow for risk dispersion among investors. They also promote public-private partnerships and link savers to investment opportunities. Primary markets issue new securities while secondary markets trade existing securities. Capital markets benefit investors, companies, and the government by facilitating the flow of savings and funds in return for interest. They are important for attracting both domestic and foreign funds to promote capital formation and economic growth.