A recent white paper on the national economy of Bangladesh has revealed that private investment in the country has remained stagnant at around 23-24 per cent of GDP over the past decade, hindered by an unfavourable business climate and systemic challenges caused by the previous regime.
The report, submitted to the Chief Adviser on Sunday, stresses the need for a comprehensive policy response to ad dress these barriers and revitalise both domestic and foreign investment.
The suggested reforms are critical to unlocking the country’s economic growth potential. The white paper outlines several key areas for reform.
Encouraging a Competitive Business Environment: The report identifies crony capitalism as a major distortion in the competitive environment, preventing genuine investors from entering the market.
It suggests that the government must implement stricter anti-corruption measures and establish clear, transparent policies for business operations.
A level playing field is essential for encouraging both domestic and foreign investments.
