LightCastle Partners took part as a knowledge partner in the pre-budget webinar series titled “The 2020 Budget Dialogue” organized by Youth Policy Forum (YPF). On 4th June, LightCastle conducted the session on ‘SMEs: Way Forward amid the Pandemic” to discuss policy-driven mechanisms for increasing competitiveness of small and medium businesses in Bangladesh.
Bijon Islam, Co-founder and CEO of LightCastle Partners, moderated the panel discussion attended by a distinguished group of panelists:
- Dr. Akond Md. Rafiqul Islam, Sr. General Manager, Palli Karma-Sahayak Foundation (PKSF)
- Nazeem Hasan Sattar, General Manager, SME Foundation
- Syed Abdul Momen, Head of SME Banking, BRAC BANK
- Asif Iqbal, Joint Director, Bangladesh Bank
The webinar was initiated with LightCastle’s analysis on the government’s stimulus package for CMSMEs highlighting the potential challenges of implementing the stimulus package and recommendations for overcoming the hurdles.
The experts’ discussion following the presentation strengthened the recommendations and sparked conversations around the following topics: collaborating with MFIs to optimize the benefits of the stimulus package, increasing CMSMEs’ success at public and private procurement, increasing CMSMEs’ access to formal markets, and inclusive distribution of the stimulus package to marginalized CMSMEs.