Experts at the Private Sector Engagement Conclave, organised by Oxfam in Dhaka, stressed the importance of creating a conducive environment for private sector involvement to drive national development while ensuring responsible business practices.
The event brought together policymakers, private sector leaders, development organizations, and civil society representatives to explore the role of businesses in fostering sustainable and inclusive growth in Bangladesh, reads a press release.
Chowdhury Ashiq Mahmud Bin Harun, Executive Chairman of the Bangladesh Investment Development Authority (BIDA), attended as the chief guest and underscored the growing importance of public-private partnerships in addressing social and environmental challenges.
“The private sector has the potential to be a catalyst for transformative change. Through collaborative efforts and strategic partnerships, we can create innovative solutions to tackle Bangladesh's pressing development challenges while fostering sustainable economic growth,” he said.
Md. Mushfiqur Rahman, Chairman of the SME Foundation, emphasized the need for policies that simplify trade processes for small and medium enterprises (SMEs). Meanwhile, Hosna Ferdous Sumi, Senior Private Sector Advisor of the World Bank, highlighted the significance of public-private partnerships for environmental sustainability and expressed the World Bank’s interest in collaborating with SMEs to achieve this goal.
Oxfam in Bangladesh showcased the outcomes of its key initiatives, including the Private Sector Rapid Care Analysis (PS RCA) and the Enterprise Development Programme (EDP). These initiatives highlighted innovative approaches to inclusive growth, sustainable entrepreneurship, and impactful partnerships between the private sector and development organizations.
Ashish Damle, Country Director of Oxfam in Bangladesh, reaffirmed the organization’s commitment to addressing poverty and inequality, stating, “For over five decades, Oxfam has been a trusted development partner in Bangladesh. The private sector plays an indispensable role in shaping a future that is equitable, resilient, and sustainable. Together, we can pioneer solutions that leave no one behind.”
The event featured dynamic discussions, strategic advocacy, and knowledge sharing, with participants reaffirming their commitment to aligning business objectives with sustainable development goals (SDGs).
The Private Sector Engagement Conclave 2025 concluded with a call to action for stronger collaboration among stakeholders to advance innovative and inclusive practices, ensuring sustainable growth in Bangladesh.
