We are encouraged by the government reframing its investment policies to improve our foreign direct investment (FDI), with Bangladesh Investment Development Authority (BIDA) taking on the responsibility to finalize it.
Most importantly, the emphasis on building a sustainable investment system, together with prioritization of green financing, is certainly a step in the right direction. While Bangladesh’s investment woes have been well documented, what we should expect is a pro-active approach to address the challenges and correct them -- which is precisely what we are seeing.
Indeed, moving forward, we expect more measures to identify and improve upon not just our ability to attract FDI, but also improve upon our ease of doing business. To that end, it is good to see that the government itself is looking into this issue, with the announcement of the Bangladesh Investment Climate Program to improve and determine the internal business climate of the country.
In addition, collaboration between the public and private sectors will be instrumental in enacting and implementing investor-friendly policies and fixing our overall business climate. Regular dialogues and feedback mechanisms can help identify evolving challenges and refine policies accordingly. By actively involving stakeholders, we can ensure that the reforms resonate with the needs of businesses on the ground.
On the note of sustainable investment and businesses, we hope that the authorities concerned not only provide the appropriate policy support, but also argue on the global stage about the need for such investment to become the norm. Bangladesh may well be on the path to prosperity, but it must always remember to keep an eye on sustainability while doing so.
