BUILD calls for reforms on inflation, forex and banking liquidity
Business Initiative Leading Development (BUILD) has congratulated the newly formed government following the swearing-in of the Prime Minister, the Cabinet, and members of the 13th National Parliament, and has urged swift action to address what it describes as prevailing economic challenges.
BUILD stated that restoring macroeconomic stability should be the new administration's immediate priority, including managing inflation, maintaining a stable foreign exchange regime, and improving liquidity in the banking sector. It added that a stable economic environment is essential to rebuilding investor confidence and sustaining industrial productivity.
As a public–private dialogue platform, BUILD urged the government to accelerate reforms to reduce the cost of doing business. With the challenges of LDC graduation ahead, it called for streamlined trade procedures, rationalised tariff structures, and the removal of regulatory bottlenecks. BUILD stated that attracting both domestic investment and foreign direct investment (FDI) should remain central to the national economic agenda to create jobs and diversify exports.
Keep updated, follow The Business Standard's Google news channel
BUILD also called for targeted policy support for micro, small, and medium enterprises (MSMEs), describing them as the backbone of the economy. It stressed the importance of simplifying licensing processes and improving access to finance for small businesses, and stated that formalising the informal sector through digital integration and simplified compliance is important for inclusive growth.
BUILD noted that it has served as the secretariat to the Private Sector Development Policy Coordination Committee (PSDPCC) at the Prime Minister's Office since 2011, and remains committed to evidence-based research and structured dialogue between the government and the private sector.
BUILD is a public–private dialogue platform jointly promoted by the Dhaka Chamber of Commerce and Industry (DCCI), the Metropolitan Chamber of Commerce and Industry (MCCI), and the Chittagong Chamber of Commerce and Industry (CCCI), it added.
