Chowdhury Ashik Mahmud Bin Harun, Executive Chairman of the Bangladesh Investment Development Authority (BIDA), emphasized the need for structural reforms to improve Bangladesh’s investment climate during a workshop on “Investment Diversification for Priority Sectors Post-LDC Graduation,” held on November 18th. Organized by BIDA and the United Nations Development Programme (UNDP), the event brought together policymakers, researchers, and industry leaders to discuss strategies for positioning Bangladesh as a competitive global investment destination.
Harun highlighted the government’s commitment to meaningful reforms, acknowledging the country’s low benchmark for improvement. Keynote speaker Dr. Selim Raihan from the South Asian Network on Economic Modelling (SANEM) outlined opportunities in agro-processing, jute products, and IT-enabled services, while identifying constraints such as skill gaps, outdated technology, and regulatory hurdles. He urged targeted policy actions to drive growth in these sectors.
UNDP Senior Economic Adviser Owais Parray stressed the importance of political stability, infrastructure development, and human capital for economic progress. Participants agreed on the need for swift, collaborative actions to strengthen Bangladesh’s economic resilience as it prepares to graduate from LDC status. The workshop, moderated by BIDA’s Shah Mohammad Mahboob, underscored investment diversification as a key priority for sustainable growth.
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