ICCB suggests govt for addressing some key issues to face challenges

The International Chamber of Commerce, Bangladesh (ICCB) has suggested the government to address some key issues for overcoming the challenges like inflationary pressure, in energy sector, in infrastructure, in project implementation and the non-performing loans (NPLs).

The ICCB executive board came up with such suggestions at its 28th annual council held in the capital on Saturday.

The board suggested addressing these key issues for overcoming the challenges. These are: Inflationary Pressure: in order to contain the inflationary pressure, there should be appropriate monetary and fiscal policies, said a press release.

In the energy sector, increasing dependence on imported fossil fuels, LNG & coal for power generation has intensified risks, negatively affecting foreign currency reserves and swelling subsidy burdens.

So, Bangladesh should move faster with its exploration activities both on-shore and off-shore to replace expensive LNG with its own natural gas reserve as well as establish Nuclear/ Renewable energies to avoid adverse effect of climate change.