The Bangladesh economy, connecting with the global economy is affirmed and there is potential for increased investment flows, skills development, and overall capacity building in the country.

Edimon Ginting, Country Director of Asian Development Bank (ADB) for Bangladesh, said this while speaking as the chief guest at the quarterly luncheon meeting of Metropolitan Chamber of Commerce and Industry (MCCI), held at its Gulshan office on Monday.

However, a good competition policy was required to bring in new investments, he said.

He also underscored the need for human resources development and economic governance in the country and added that ADB could work in those areas.

Before concluding, he reiterated the ADB’s commitment to helping Bangladesh progress sustainably amid various environmental challenges.

Kamran T. Rahman, President, MCCI, offered the welcome remarks. The event was moderated by the MCCI Secretary-General and CEO, Farooq Ahmed.

The MCCI President acknowledged ADB’s assistance in developing Bangladesh’s climate resilience, infrastructure, social protection, job creation, and water and sanitation landscape.

Kamran said MCCI, as the preeminent trade body, held an exclusive position to partner with ADB to cultivate a favorable business ecosystem in Bangladesh.

He believed that the ADB’s expertise, combined with MCCI’s understanding, offered a unique opportunity to address Bangladesh’s business challenges.

The MCCI President believed this visit of Edimon Ginting at MCCI could mark the beginning of a successful partnership between ADB and MCCI.

Among others, representatives from various member firms of MCCI attended the event.