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Resurgent Bangladesh initiative launched

Business Desk | Published: 23:16, May 19,2020

 
 

Resurgent Bangladesh, an initiative to help Bangladesh chart out and execute the recovery of the private sector dynamism in the context of COVID-19-led economic shocks, was launched on Tuesday by four leading business organisations and a private sector economic policy think tank, said a press release.

The institutions involved are the Metropolitan Chamber of Commerce and Industry, the Dhaka Chamber of Commerce and Industry, the Chittagong Stock Exchange, the Business Initiative Leading Develop-ment, and the Policy Exchange.

The initiative  seeks to help the overall economic recovery in Bangladesh by systematic assessment of the impact on the private sector and develop recovery strategies from the COVID-19 pandemic for key economic themes, providing organised, evidence-based, and actionable inputs/recommendations to the government of Bangladesh for preparation of a national economic recovery strategy and facilitating public-private dialogue on necessary government policy actions for stimulating private sector recovery, including input into the budgetary process, among others.

The platform will help stimulate resurgence of private sector dynamism by undertaking analytical, advocacy, and policy dialogue initially on seven particular economic themes — manufacturing, services, international trade or exports, small and medium enterprises, the financial sector, private investment, and agriculture.

The work will be undertaken under the guidance of a steering committee comprising Leather Footwear and Goods Manufacturers and Exporters Association adviser Syed Nasim Manzur, MCCI president Nihad Kabir, DCCI president Shams Mahmud, BUILD chairman Abul Kasem Khan, CSE chairman Asif Ibrahim, and Policy Exchange chairman Masrur Reaz.

The Policy Exchange will work as the technical secretariat while Deloitte and other several international institutions will provide support as knowledge partners. — New Age

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