The Financial Express

Government set to release final draft policy on investing abroad

| Updated: July 11, 2021 20:58:34

Government set to release final draft policy on investing abroad

The government is set to release a final draft policy titled ‘Bangladeshis Investment Policy Abroad-2021’ soon to allow the country’s investors to invest in other countries.

To this effect, Bangladesh Investment Development Authority (BIDA) has already formulated a draft of 13 articles with the help of the Bangladesh Bank and sent it to various stakeholders for feedback.

These were stated by BIDA Executive Chairman Md Sirazul Islam at a virtual workshop organised by the BIDA on Sunday.

The draft policy will include various additions and deductions, including sector identification after getting the feedback from the concerned stakeholders, the BIDA Executive Chairman said while chairing the workshop.

Salman F Rahman, private sector industry and investment advisor to the Prime Minister, was present at the function as the chief guest.

Speaking at the function, Prime Minister's advisor Salman F Rahman said our economic growth has steadily increased over the past decade, so now our country is considering investing abroad, which was unimaginable even ten years ago.

So, it is time to formulate the investment policy abroad, but in this case, our sectors should be identified first, Mr Rahman insisted.

At the same time, the policy should be formulated in such a manner that there are no money laundering leakage issues, he added.

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