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MCCI hosts discussion on stabilizing the macroeconomy of Bangladesh

Published : Thursday, 16 May, 2024 at 12:00 AM  Count : 168

The Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) hosted a discussion titled "Stabilizing the Macroeconomy of Bangladesh: Issues and Challenges" at its Gulshan office on Tuesday.

MCCI President Kamran T. Rahman delivered the welcome remarks while Dr. Sadiq Ahmed, vice chairman of Policy Research Institute, gave the keynote presentation and led an open discussion.
The event was moderated by Farooq Ahmed, secretary-general and CEO of the MCCI.

During his welcome remarks, MCCI President Kamran T. Rahman stressed that stakeholders and policymakers must have a comprehensive understanding of how multiple factors collectively shape economic dynamics, said a press release.

He believed this knowledge helped create strategies for economic stability and growth. "Discussions such as this event could help private sector representatives enhance their knowledge and realign their strategies," he opined.

In his keynote presentation, Dr. Sadiq Ahmed identified Bangladeshs four major macroeconomic concerns: import surge leading to reserve losses, the depreciation of the Taka, persistent inflation, and low domestic revenue growth because of external shocks.

He stated these factors were impeding the growth of Bangladeshs GDP and its overall progress and development. As Bangladesh had one of the lowest tax to GDP ratios in the world, Dr. Sadiq advocated for a focused, medium-term tax reform programme.

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