The Metropolitan Chamber of Commerce and Industry
(MCCI) has observed that smooth logistics, banking services and security in
industries are the major issues needed to be addressed for revival of
economic activities.
In its review of economic situation in Bangladesh report for the April-June
quarter, MCCI mentioned that the trade body also stressed the need for
overcoming the other economic challenges that include inflation, slowdown in
external demand, weak remittance inflow, shortfall in revenue collection and
the slow public expenditure, depreciation of taka and also a decline in
foreign exchange reserves.
Unemployment and low investment are other challenges, the chamber added.
To overcome the challenges, the government took some decisive measures to
address the economic fallout, it added.
The government also needs to take more actions to stabilise foreign exchange
reserves, manage inflation, enhance revenue earnings, ensure proper
electricity and gas supply for economic activities, and prot
ect small
businesses, said the MCCI.
During the April-June quarter, the Bangladesh economy has been showing some
signs of improvement with increase of foreign exchange reserves and
remittances in June 2024.
After the recent protests by the Anti-discrimination Student Movement led to
the ouster of the Awami League government earlier this month, and the interim
government just taking over, it would take time to normalise business
activities, said the MCCI.
Source: Bangladesh Sangbad Sangstha