BUILD urges economic reforms to restore investment confidence

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BUILD urges economic reforms to restore investment confidence

B Mirror Report: Business Initiative Leading Development (BUILD) has congratulated the newly formed government following the election and said the administration’s first and foremost priority should be restoring macroeconomic stability. This would require controlling inflation, ensuring a stable foreign exchange regime, and improving liquidity conditions in the banking sector.

The remarks were made in a press release signed by BUILD Chairman Abul Kasem Khan.

The organization also called on the government to accelerate reform initiatives aimed at reducing the cost of doing business.

BUILD believes that a stable economic environment is the primary prerequisite for restoring investor confidence and sustaining industrial productivity. At the outset of the nation’s new journey, the organization strongly urged the government to seriously address prevailing economic challenges to ensure sustainable growth and private sector stability.

BUILD is a leading public-private dialogue platform jointly operated by the Dhaka Chamber of Commerce & Industry (DCCI), the Metropolitan Chamber of Commerce & Industry (MCCI), and the Chattogram Chamber of Commerce & Industry (CCCI). It provides research-based policy support to improve the investment climate in Bangladesh.

The press release noted that, in view of the upcoming challenges of graduating from least developed country (LDC) status, BUILD is emphasizing trade facilitation, rationalization of the tariff structure, and removal of bureaucratic complexities within regulatory bodies. Attracting both domestic and foreign direct investment (FDI) must remain central to the national economic agenda to generate employment and diversify exports.

BUILD also called for targeted policy support for micro, small and medium enterprises (MSMEs), recognizing the sector as the backbone of the economy. It stressed simplifying licensing procedures and ensuring easier access to finance for small businesses. For inclusive economic development, integrating the informal sector into the formal framework through digital integration and simplified regulatory compliance is essential.

Since 2011, BUILD has been serving as the secretariat of the Prime Minister’s Office’s Private Sector Development Policy Coordination Committee (PSDPCC). The organization remains committed to evidence-based research and facilitating structured dialogue between the public and private sectors. BUILD expressed its willingness to work closely with the new government to implement result-oriented policies that will remove existing economic bottlenecks and help build a strong long-term economic foundation.

 

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