Interim Government’s Finance Advisor Dr. Salehuddin Ahmed stated that the country’s economy, which had been facing significant challenges, is now showing signs of stability. At the same time, foreign exchange reserves are increasing, with positive responses from international partner organizations.
Dr. Salehuddin Ahmed shared these remarks as the Chief Guest at a trade conference titled “Private Sector Forecast: Expectations and Priorities” organized by the Dhaka Chamber of Commerce and Industry (DCCI) at a hotel in the capital on Saturday, November 30, 2024.
Commerce Advisor Sheikh Bashir Uddin, speaking as the Special Guest, emphasized the necessity of coordination between the government and the private sector to improve law and order. He expressed optimism about rapid improvements in the current situation. Highlighting the presence of multiple trade organizations for the same products, he stressed that enhancing capacity is imperative for expanding international trade in the post-LDC graduation era.
He further underscored the importance of liberalizing trade and formulating supportive policies for business sub-sectors. Additionally, he stressed the need to increase tax revenue to ensure social justice, as greater public spending can improve the living standards of the people.
In his welcome address, DCCI President Ashraf Ahmed highlighted measures needed to control inflation. He called for reducing policy interest rates gradually from the beginning of next year, curbing public expenditures, improving market management, and enhancing law enforcement vigilance to prevent extortion in supply chain operations.
To stabilize the money market, he urged the central bank to keep the exchange rate of the US dollar close to market rates. He also stressed the importance of simplifying bank loan procedures, especially for SMEs.
The event was attended by notable figures including Selim RF Rahman, Chairman of the Association of Bankers Bangladesh Limited (ABB), and Javed Akhtar, President of the Foreign Investors Chamber of Commerce and Industry (FICCI), among others.
