Home ›› 09 Dec 2022 ›› News

FICCI keen to work with government to overcome economic challenges

Staff Correspondent
09 Dec 2022 00:00:00 | Update: 09 Dec 2022 00:02:03
FICCI keen to work with government to overcome economic challenges

The Foreign Investors’ Chamber of Commerce & Industry (FICCI), the apex chamber of multinational companies and foreign investors, will work with the government to overcome the ongoing financial crisis.

Chamber President Naser Ezaz Bijoy said this at the 59th Annual General Meeting (AGM) held on Thursday at The Westin Dhaka.

In his speech, the FICCI President also said, “In the last 59 glorious journey, member companies are contributing more than 30 percent internal revenue of the government and representing more than 90 percent inward FDI in Bangladesh. With this huge contribution, we became the change-maker of the economy and development partner of the country.” He added: “With the representation of more than 200 member companies, including our Board of Directors and committee members, we have made some achievements even in this adverse economic climate by continuous advocacy with the government, policymakers, regulators and different stakeholders to promote and protect our members’ business interests.”

“The current economic situation has created some uncertainties, with liquidity challenges, foreign exchange risks and inflationary pressures in the short term. But we believe that the measures taken by the government will allow Bangladesh to remain on right track towards a sustainable and steady economy amid deteriorating global conditions.”

He further says, “We believe that the near-term challenges should not define the potential opportunities that Bangladesh offers in the long term. FICCI will be working to support the government to stand well positioned by tackling the economic crisis.”

×