Private sector key to growth, govt prioritising investment: Finance Minister
Taskeen proposed a gradual reduction in the policy rate to ease lending rates and stimulate private sector investment
Finance and Planning Minister Amir Khasru Mahmud Chowdhury today (8 March) said the private sector remains the main engine of the country's economic growth and the government is giving top priority to trade, commerce and investment.
Amir Khosru made the remarks during a meeting with Dhaka Chamber of Commerce & Industry (DCCI) President Taskeen Ahmed at his office at the Secretariat.
The minister said the government is working to make the capital market more vibrant and the central bank more private sector-oriented through different initiatives.
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Khasru also noted that easing lending conditions for the private sector and increasing credit flow remain among the government's priorities to boost investment in the country.
During the meeting, Taskeen urged the government to strengthen the financial sector to support economic growth and restore investor confidence, reports UNB.
Taskeen proposed a gradual reduction in the policy rate to ease lending rates and stimulate private sector investment.
He also suggested reconsidering the loan rescheduling facility for genuine or unintentional defaulters by extending the loan classification period.
A coordinated approach involving monetary, fiscal and structural reforms could help restore investor confidence, strengthen financial stability and accelerate inclusive development, Taskeen added, assuring full support from the business community.
DCCI Senior Vice President Razeev H Chowdhury and Vice President Md Salem Sulaiman were also present at the meeting.
