Business Initiative Leading Development (BUILD) organised its 12th Financial Sector Development Working Committee (FSDWC) on 24 February 2025 at its conference room, chaired by Nurun Nahar, deputy governor 1 of Bangladesh Bank (BB).
Nurun Nahar, deputy governor -1 of Bangladesh Bank (BB), lauded the study and expressed optimism about reducing inflation to 7–8% by June 2025. Bangladesh Bank will look into the issue of raising the reserve requirements ratio of banks. In order to formalise the economy, BB is collaborating with the National Board of Revenue (NBR) to take policy measures. She also mentioned that BB conducts various awareness programmes to increase financial inclusion. She informed attendees about BB’s efforts to reduce the dominance of aggregators in the foreign exchange market. She hoped to enter a market-based exchange rate system by December 2025. She underscored the importance of regularly holding Fiscal-Monetary Coordination Council meetings involving government agencies and the private sector, as recommended by BUILD, to establish a balance between macroeconomic policies. BB will consider addressing the issue of reducing the high spread rate of banks. She also highlighted the upcoming master circular, which will address issues concerning cottage, micro, small, and medium enterprises (CMSMEs).
Representatives from the Ministry of Finance, Bangladesh Bureau of Statistics (BBS), Competition Commission, SME Foundation, Dhaka Chamber of Commerce and Industry (DCCI), Metropolitan Chamber of Commerce and Industry (MCCI), Leather Goods and Footwear Manufacturers and Exporters Association of Bangladesh (LFMEAB), Bangladesh Agro-Processors’ Association (BAPA), and Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) were present at the meeting.
The press release (Bangla and English) and a photo are enclosed for your information. Please get in touch with us if you have any queries.
