
Economists and business owners stated yesterday that a roadmap for changes in economic policy is essential for the private sector because it can help them forecast the future, make plans appropriately, and prevent shocks that could result from an abrupt change in Government tactics.
Their comment followed the Government’s removal of export subsidies for nearly all industries, a decision that surprised the business community but was applauded by experts.
“An investor takes all incentives into account and makes long-term investments. Businesses suffer if it is abruptly stopped,” stated Mashiur Rahman, the Prime Minister’s adviser on economic affairs.
The advisor gave a talk at the Dhaka Chamber of Commerce and Industry (DCCI) seminar Bi-annual Economic State & Future Outlook of Bangladesh Economy: Private Sector Perspective.
Rahman stated that to protect the private sector from any shocks resulting from its departure, every incentive package needs to incorporate a phase-out strategy.
“Entrepreneurs frequently discuss incentives and legislative help to obtain capital at a reduced interest rate. They don’t, however, look to policymakers for assistance in increasing production, even if it can serve as a useful motivator,” he said.






