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UK-USAID joint study on investment, growth in BD

Wednesday, 22 October 2014


The UK government and the US Agency for International Development (USAID) have produced a study that surveys the investment climate in Bangladesh, reports BSS.
The Inclusive Growth Diagnostic Study focused on investment issues that impact most heavily on inclusive economic growth.
DFID Country Representative Sarah Cooke said: "It is vital we create a detailed, shared understanding of the challenges facing investment in Bangladesh. This supports work across the development community, the government and the private sector to speed up inclusive economic growth."
USAID Mission Director Janina Jaruzelski also pointed to this effort as 'an opportunity for additional collaboration between the donor community and the government of Bangladesh, as it develops its economic policy priorities, including the next Five- Year Plan."
The study identified the importance of addressing energy availability and protecting property rights. While the study does not refer to education as a major investment issue, it notes the importance of education polices - particularly in tertiary education- to supporting Bangladesh's future economic potential.
The study assessed the challenges faced by investors in the garment and textile sectors, including power supply, labour skills, and access to finance.