AmCham recommends focusing crisis management contingency approach prioritizing expenditures

The American Chamber of Commerce in Bangladesh (AmCham) held a “Post-Budget Panel Discussion” on Wednesday at the Sheraton Hotel in Dhaka’s Banbani.

Planning Minister MA Mannan, attended the discussion as chief guest, reports UNB.

Dr M. Masrur Reaz, chairman of Policy Exchange of Bangladesh moderated the panel discussion where Dr Ahsan H Mansur, executive director of Policy Research Institute of Bangladesh (PRI) shared the keynote presentation, according to a press release.

Syed Ershad Ahmed, president of AmCham chaired the session.

Mannan shared the government overview of development, strategies and budget outlook Dr. Ahsan H. Mansur presented the keynote for the discussion. AmCham President Mr. Syed Ershad Ahmed shared the brief overview, and few keynotes of National Budget FY 2023-24, said the release.

Since the government of Bangladesh aims to attain a 7.5% growth rate in FY24 containing the inflation during these difficult times heading for a new government to take over end of the year, AmCham
Bangladesh recommended focusing on crisis management contingency approach, prioritizing expenditures and policy continuity on key procedural matters in followings - carbon tax, income tax policy diversity, foreign exchange reserve, and alternatives to increase export revenue, energy diversity to offload existing supply chain, import duty and minimum tax, national board of revenue, digital economy, ict tax reform, banking sector stability, logistics infrastructure.

“The National Budget FY 2023–24 outlined strong and stable, versatile development strategies for our nation. It is crucial that the government, private sector, and concerned stakeholders find the best way to work together to build a strong and more focused future for Bangladesh,” it said.

“We at AmCham Bangladesh with a diverse membership base and outlook focusing on global, national or business ecosystem at large, attempt to develop an approach that might help the business and regulatory leadership set the priorities on right strategies making rapid and inevitable remedies during these days ahead,” added the release.