Ongoing reforms in financial sector key to economic stability: MCCI
Ongoing reforms in the financial sector will be critical to restoring public confidence in banks, reviving growth, and ensuring long-term economic stability, according to the Metropolitan Chamber of Commerce and Industry (MCCI).
In its Review of Economic Situation in Bangladesh, April–June 2025 (Q4 of FY25) released today (12 August), the MCCI reported mixed outcomes for the economy in the last fiscal year.
Citing Bangladesh Bureau of Statistics (BBS) data, the review noted that GDP growth in the third quarter rose to 4.86% from 4.48% in the second quarter, offering a modest sign of improvement.
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Inflation eased slightly, falling to 8.48% in June, but annual average inflation remained at 10.03%, well above comfortable levels.
The MCCI observed that the April–June quarter showed early signs of a turnaround, with increased export earnings and remittance inflows helping to stabilise foreign currency reserves and inject some vitality into the economy.
However, it warned that several structural issues continued to hold back recovery.
These include weak private sector credit growth, declining imports of capital machinery, and falling investment levels.
The chamber also pointed to long-standing weaknesses in the banking sector, such as regulatory gaps and loan irregularities, as major obstacles to broader recovery efforts.
According to the MCCI, addressing these problems through ongoing reforms in financial governance will be key to reviving economic momentum and ensuring stability in the years ahead.
