The Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI), has called on the Bangladeshi government to take urgent measures to stabilize foreign exchange reserves, control inflation, increase revenue, and ensure consistent electricity and gas supplies to support economic activities and protect small businesses.
These recommendations were highlighted in MCCI’s latest report, Bangladesh’s Economy During FY2023-24 (FY24).
In fiscal year 2024, Bangladesh’s GDP rose 1.66% year-on-year to $459.05 billion, with per capita GDP reaching $2,675 and per capita gross national income hitting $2,784.
However, the MCCI noted that ongoing student protests against government job quotas have disrupted normal life and affected businesses, creating additional economic challenges.
The MCCI emphasized the need for smooth logistics, improved banking services, and heightened industrial security to revitalize business activities.
It also highlighted multiple economic challenges, including high inflation, decreased remittance inflow, a revenue collection shortfall, and the continued depreciation of the taka, which have impacted foreign reserves.
The MCCI further pointed to rising unemployment and low investment as obstacles the interim government must address to ensure stability. The chamber noted that overcoming these hurdles is essential for Bangladesh to support economic recovery and safeguard business interests in the coming months.
