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Roundtable Urges Policy Reforms to Boost Investment Climate
Speakers at a discussion have emphasised strategies for economic turnaround and the need for a ‘stronger business environment’ to attract private investment in the country.
The roundtable discussion was jointly organised by the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) and Policy Exchange Bangladesh (PEB) at MCCI's Gulshan office on Monday.
Dr. Masrur Reaz, chairman & CEO of Policy Exchange Bangladesh, delivered the keynote address, underscoring the urgency in improving the business climate and establishing clear investment priorities.
The roundtable titled "Path to Economic Turnaround: How Business Environment Fares and Priorities," was supported by the Australian government's Department of Foreign Affairs and Trade (DFAT).
They also said that Bangladesh's economy has faced significant macroeconomic challenges since 2022, exacerbated by structural issues like low investment, limited export diversification, and weak foreign direct investment (FDI).
The roundtable highlighted that recent reforms by the interim government have created a new sense of hope for recovery.
Mahbubur Rahman, secretary of the Ministry of Commerce, attended the event as the chief guest.
Special guests included Shah Mohammad Mahboob, executive member of BIDA, and Mr. Ben Carson, trade & investment commissioner of Austrade. They both stressed the importance of regulatory reforms and global partnerships in building investor confidence.
Mohammad Iqbal Chowdhury, CEO of LafargeHolcim Bangladesh, and Asif Ibrahim, vice chairman of Newage Group, shared insights on the key challenges and opportunities facing the economy.
The roundtable served as a critical platform for stakeholders to share perspectives on how to overcome economic headwinds and create a more conducive environment for both local and international investment, reports UNB.