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Government's initiatives for developing the private sector

By The Economist
Salman F Rahman, in a meeting organized by British Business Group, talked about the government's initiatives for developing the private sector. He listed a number of things that would help business investment, including; improving revenue collection; modernising the foreign exchange regime; expanding the capital markets; and tackling problems in the banking sector. The Government was also exploring options for funding infrastructure investment. He said the Bangladesh economy was doing well but the coronavirus crisis was likely to set back global growth which would have implications for Bangladesh.

British Business Group organised the meeting to discuss trade between the UK and Bangladesh. The meeting was co-hosted by Robert Chatterton Dickson, the British High Commissioner and Francois de Maricourt, the Chair of the BBG and CEO of HSBC Bangladesh. The guest of honour was Salman F. Rahman, Private Industry & Investment Advisor to the Prime Minister.

In his welcome address, Robert Chatterton Dickson said - "As the Bangladesh economy grew, trade was an increasingly important part of the bilateral relationship. Now that the UK had left the EU it was a sovereign nation that could pursue an independent trading relationship with Bangladesh. The BBG would be a crucial partner in that relationship,".

Chair of British Business Group, Francois de Maricourt, welcomed Salman F Rahman's plans for encouraging international trade. He said that UK firms were in Bangladesh because they recognised the business opportunities the country offered. He was a strong advocate of Bangladesh's trade potential and hoped that BBG members would work with the Government to ease the flow of business in the country. He added that Bangladesh offers significant business opportunities, with its economy growing at more than 7.0 per cent per year. British companies are here to support this growth.

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