Finance Minister AMA Muhith has proposed to scale up total investment to 31.9% of GDP in the next fiscal year to achieve the country’s economic target. Of the total, private investment will be 23.3% of GDP while 8.6% will come from public investment. “Private investment is an important driver of higher growth through increased consumption demand ensuing from employment generation,” said Muhith. “Stimulating private investment requires a robust institutional structure, and so, Bangladesh Investment Development Authority Act, 2016 has been enacted,” added the finance minister. Bangladesh Investment Development Authority has come into being merging the Board of Investment and the Privatisation Commission.

Source: Dhaka Tribune June 01, 2017 20:15 UTC