DCCI requests finance minister to reduce interest rates to boost investment
Bussiness Desk
The Dhaka Chamber of Commerce and Industry (DCCI) has proposed a gradual reduction of the policy interest rate to stimulate private sector investment during a meeting with Finance Minister Amir Khosru Mahmud Chowdhury.
DCCI President Taskeen Ahmed placed the proposal during a courtesy call at the minister’s office in the Secretariat on Sunday, according to a media statement issued by the chamber.
During the discussion, the DCCI chief called for a review of loan rescheduling for unintentional defaulters and proposed extending the timeframe for loan classification.
"Through the integrated application of monetary policy, fiscal policy, and structural reforms, Bangladesh will be able to restore investor confidence, strengthen financial sector stability, and accelerate inclusive development," Taskeen said.
The finance minister described the private sector as the primary engine of the country’s economic growth.
"The current government will give maximum priority to trade, business, investment, and the industrial sector, as the contribution of the private sector to the economy is vital," the minister was quoted as saying in the DCCI statement.
He also noted that the government is taking initiatives to make the capital market more dynamic and to ensure the central bank becomes more "private-sector friendly".
The minister also emphasised that easing the flow of credit to the private sector and increasing overall investment remain top priorities for the government.
