Rising global interest rates and the cost of imports, along with domestic interest rate, inflation, have dampened consumer spending, slowed growth, and impacted private investment, speakers at an event observed.
They said, however, the current Interim government has taken a number of comprehensive initiatives to combat the situations.
The Business Networking event, organised by the France Bangladesh Chamber of Commerce & Industry (CCIFB) was held recently at a city hotel. Former Presidents of CCIFB, members of the Board of Directors and members were present on the occasion.
While addressing, CCIFB President Muin Uddin Mazumder observed that efforts to combat inflation and improve the fiscal situation are underway, these actions, while essential, may not immediately resolve structural issues in Bangladesh’s economy but we believe, the results will be visible after a moderate period of time.
Apart from the obstacles, we have also witnessed remarkable resilience and adaptability within our community. Companies have adapted to digital platforms, invested in sustainability, and explored innovative strategies to overcome adversity. It is a testament to the strength of our member companies and their unwavering commitment to excellence.
He said CCIFB is working on some targeted initiatives for the benefits of our member companies, some of them are as follows: ”We believe all these actions which are designed essentially to assist the members, will be enabling us to tap into new opportunities and expand our network.
But for the excellence of the execution, your wholehearted support and engagement is indispensable. We are highly dedicated to ensuring that every member of our chamber can navigate today’s global marketplace with confidence and optimism", he added.
