'Resurgent Bangladesh' for Private Sector's Recovery

Dhaka Chamber of Commerce & Industry (DCCI) and 4 other leading business organizations have launched Resurgent Bangladesh,  an initiative to help Bangladesh chart out and execute private sector's recovery in the context of COVID-19-led economic shocks.

The 4 other organizations are the Metropolitan Chamber of Commerce and Industry (MCCI), Chittagong Stock Exchange (CSE), Business Initiative Leading Development (BUILD), and Policy Exchange, said a press release.

The initiative seeks to help the overall economic recovery in Bangladesh in 4 different ways. 

They want to take the plan further with a systematic assessment of the impact on the private sector and develop recovery strategies.

Resurgent Bangladesh will provide organized, evidence-based, and actionable inputs/recommendations to the government of Bangladesh for the preparation of a national economic recovery strategy.

They will also facilitate public-private dialogue on necessary government policy actions for stimulating private sector recovery, including input into the budgetary process.

The platform will enable the voices of smaller and individual firms regarding their challenges arising from COVID- 19 and support required.

The recovery platform will help stimulate a resurgence of private-sector dynamism by undertaking analytical, advocacy, and policy dialogue initially in seven particular economic themes which are as follow -manufacturing, services, international trade/ exports, SMEs, Financial Sector, private investment, and agriculture.

The work will be undertaken under the guidance of a  steering committee comprising Syed Nasim Manzur, adviser, Leather Footwear and Goods Manufacturers and Exporters Association; Nihad Kabir, president, MCCI; Shams Mahmud, president, DCCI; Abul Kasem Khan, chairman, BUILD; Asif Ibrahim, chairman, CSE; and Dr Masrur Reaz, chairman, Policy Exchange.

Policy Exchange will work as the technical secretariat while Deloitte and other several international institutions will provide support as knowledge partners.

Source: UNB