BD impact investment strategy launched

The Bangladesh Impact Investment Strategy and Action Plan (BIISAP) was launched on Tuesday to facilitate local and global impact investors to invest in Bangladesh.
Planning Minister M A Mannan inaugurated it along with National Advisory Board (NAB) for Impact Investment in Bangladesh Chair Md Sirazul Islam at the Bangladesh Investment Development Authority (BIDA) Multipurpose Hall in the capital, according to a statement.
Impact investment is defined as an investment made with the intention to generate positive and measurable social and environmental impact alongside financial return.
The BIISAP identified nine strategic recommendations under five priority intervention areas as the starting points for the impact investment ecosystem building process.
The minister in his speech on the occasion strongly acknowledged the inspiration and leadership role of Prime Minister (PM) Sheikh Hasina in supporting impact investment here.
The PM launched the first impact investment campaign for Bangladesh during a sideline event at the United Nations General Assembly in New York, US in 2017.
The NAB acts as the advisory committee to guide the development of impact investment in Bangladesh.
In his speech, Mr Sirazul Islam said, "Building awareness is critical for success of impact investment in Bangladesh." The NAB chair also acknowledged the contributions made by the Embassy of Switzerland from day one of this movement, not only as a member of the NAB - but also as a key sponsor to develop the BIISAP.

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