• Saturday, Aug 15, 2020
  • Last Update : 11:21 pm

An impressive rise

  • Published at 11:55 pm October 20th, 2019
Photo: BIGSTOCK
Photo: BIGSTOCK

We continue to lag behind many other Asian countries in the ease of doing business

It is extremely encouraging to see that Bangladesh’s foreign direct investment (FDI) has seen an impressive rise in the first half of 2019 -- growing by almost 20% to $1.7 billion compared to $1.41bn last year.

With the World Bank having recently named Bangladesh as among the 20 economies that saw progress in at least three out of 10 areas of ease of doing business -- an issue that has been a barrier for Bangladesh’s progress for some time now -- these are extremely encouraging signs that Bangladesh is truly ready to turn the corner in its development journey.

Indeed, the government must be applauded for the many initiatives it has introduced to create a more positive business climate -- such as policy reforms and removing infrastructural deficiencies -- and encourage more investment, something that has also been acknowledged by the country’s businesspeople and economic experts.

However, despite the significant improvements we have made, what must be remembered is that we have some way to go and the work is just beginning.

We are still significantly behind having an FDI that is standard for the size of our economy, and, despite improvements, we continue to lag behind many other Asian countries in the ease of doing business, which continues to be a significant  barrier to overcome for our economy.

To that end, despite the government’s many progressive reforms, it is important that they prioritize swift implementation of its policies and eliminate infrastructural deficiencies that threaten to halt our impressive progress.

56
54
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail