Resurgent Bangladesh: Initiative for Private Sector Recovery and Economic Resilience

Resurgent Bangladesh, an initiative to help Bangladesh chart out and execute the recovery of the private sector dynamism in the context of COVID-19-led economic shocks was jointly launched today by four leading business organizations and a private sector economic policy think tank. These institutions are Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka Chamber of Commerce & Industry (DCCI), Chittagong Stock Exchange (CSE), Business Initiative Leading Development (BUILD), and Policy Exchange.

The initiative seeks to help the overall economic recovery in Bangladesh by i) systematic assessment the impact on the private sector and develop recovery strategies from the Covid-19 pandemic for key economic themes; ii) providing organized, evidence-based, and actionable inputs/recommendations to government of Bangladesh for preparation of a national economic recovery strategy; iii) facilitating public-private dialogue on necessary government policy actions for stimulating private sector recovery, including input into the budgetary process; iv) enabling the voices of smaller and individual firms regarding their challenges arising from COVID- 19 and support required.

The platform will help stimulate resurgence of private sector dynamism by undertaking analytical, advocacy, and policy dialogue initially in seven particular economic themes which are as follow -manufacturing, services, international trade/ exports, SMEs, Financial Sector, private investment, and agriculture.

The work will be undertaken under the guidance of a steering committee comprising Syed Nasim Manzur (Adviser, Leather Footwear and Goods Manufacturers and Exporters Association), Nihad Kabir (President, MCCI), Shams Mahmud (President, DCCI), Abul Kasem Khan (Chairman, BUILD), Asif Ibrahim (Chairman, CSE), and Dr. Masrur Reaz (Chairman, Policy Exchange). Policy Exchange will work as the technical secretariat while Deloitte and other several international institutions will provide support as knowledge partners.

Published on: 2020-05-19

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