Will make every effort to improve business environment, and control inflation: Salehuddin
The adviser said that the ADB would collaborate with the government on a broader scale, providing financing for ongoing projects and assisting in the development of a list of future pipeline projects
Salehuddin Ahmed, adviser to the finance and commerce ministry, has pledged to make every effort to improve the business environment in Bangladesh and control inflation for the benefit of the general public.
He made these remarks after a meeting with Edimon Ginting, country director of the Asian Development Bank (ADB), held at the Economic Relations Division under the Ministry of Finance today (18 August).
The adviser said that the ADB would collaborate with the government on a broader scale, providing financing for ongoing projects and assisting in the development of a list of future pipeline projects.
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The finance adviser also emphasised the need to import essential goods to alleviate market pressures and shield consumers from rising inflation, acknowledging Bangladesh's reliance on imports.
"We are dependent on imports, and we are aware of the inflationary pressures associated with them. We must import essential goods as much as needed to ensure the market and the general public do not face additional pressure. Our goal is also to reduce the existing pressure."
He also outlined his strategy to stabilise the market, which includes ensuring proper production and supply chains, alongside continuous market monitoring.
Addressing journalists, Salehuddin highlighted the critical role of both domestic and foreign trade in the country's economy. "Trade is the biggest issue—whether domestic or international. Maintaining a favourable business environment free from corruption is crucial. There is a direct relationship between trade practices and inflation, and we need to resolve these issues."
He further noted that the government's focus extends beyond food-related challenges, acknowledging the broader trade-related difficulties faced by the public.
"We are working to resolve these issues as quickly as possible. To this end, we will hold inter-ministerial meetings and collaborate with the Ministry of Commerce and other relevant agencies. Their cooperation is essential, and we are committed to taking swift action," he assured.
