President of DCCI Ashraf Ahmed on Saturday said that Bangladesh’s economy is passing through a few challenges like inflation, forex reserve, financial market volatility, balance of payment, and depreciation of Taka, but the country would overcome all the challenges.

The President of Dhaka Chamber of Commerce and Industry (DCCI) said this while he was speaking at a press conference in the capital on Saturday.

He expected that as in the past, Bangladesh could overcome these economic challenges as soon as possible,

Regarding economic challenges, he said that both private and public sectors are trying to face the challenges of the economy.

However, the private sector is required to play a pivotal role this year to bring the economy back to the trend of growth stability, he hoped.

For creating a smart Bangladesh, technology transfer and capacity building of CMSMEs through digital engagement is needed, the DCCI president said.

He focused on import substitute industries, and he suggested expanding access to finance for the CMSMEs and industrial startups through dedicated credit lines, loan guarantees and venture capital initiatives.

He said export diversification, export factoring, inter-bank foreign currency exchange and more incentive for the remittance inflow may increase forex reserves.

He also demanded the government promote the Alternative Trade Board (ATB) for trading infrastructure and participation in the capital market.

DCCI Senior Vice President Malik Talha Ismail Bari, Vice President Md. Junaid Ibna Ali and members of the Board of Directors were present during the event.