At a seminar organized by the Dhaka Chamber of Commerce and Industry (DCCI), prominent Bangladeshi businessmen urged the interim government to address key issues affecting the economy. They called for a reduction in interest rates, a boost in local demand, and the removal of export obstacles. Business leaders expressed concern about high interest rates, with many stating that the current rate of 14%-17% is unsustainable and will lead to widespread loan defaults. Additionally, the new policy declaring a business as a defaulter if a single loan installment is missed was criticized for its potential to cripple industries.
The deteriorating law and order situation was highlighted as a major concern, with participants noting that unrest in sectors like ready-made garments is being instigated, leading to disruptions in production and exports. The gas crisis and administrative inefficiencies were also cited as challenges that hamper economic recovery.
Business leaders emphasized the need for a business-friendly environment, including reforms in the National Board of Revenue and measures to stabilize the exchange rate. They warned that without urgent government action, economic stagnation could deepen, further reducing employment and exacerbating inflation. The forum concluded with a call for improved law enforcement, administrative reforms, and policies to foster both domestic and foreign investment.
Comment here