Attractive sector for investment in Bangladesh: US Ambassador

US Ambassador to Bangladesh Peter D. Haas paid a courtesy call on Minister of Finance AHM Mustafa Kamal

The US Ambassador to Bangladesh Peter D. Haas has said that there is a very attractive economic sector for investment in Bangladesh. He lauded Bangladesh’s economic progress, competency, and steps taken to address the post-COVID-19 health and socio-economic challenges and vaccination activities. He made the remarks during a courtesy call on the Minister of Finance AHM Mustafa Kamal at the Secretariat on Sunday (3 March).

Meanwhile, Minister of Finance AHM Mustafa Kamal said that Bangladesh has passed 51 years of its independence. The country has come a long way economically over this time. Under the leadership of Prime Minister Sheikh Hasina, Bangladesh has reached a new height in the world economy in the last decade. Bangladesh is no longer a ‘development miracle’, but a ‘role model for development’ for others. Bangladesh is currently 41st in the world in terms of economy, which was 60th in 2006. After independence, it took 38 years for our economy to reach 100 billion in GDP. In the last 12 years, it has quadrupled to 411 billion.

The Minister of Finance further said that the diplomatic relations between Bangladesh and the United States have expanded in various fields including trade and commerce. He thanked the United States for its support in various ways, including providing vaccines to Bangladesh in the fight against COVID-19. Besides, Minister of Finance AHM Mustafa Kamal has called upon the United States to invest more in Bangladesh as the business environment is very lucrative and a good place to invest.

Peter D. Haas said he will highlight to the US investors Bangladesh’s investment-friendly environment, various investment opportunities, the benefits of demographic dividends, friendly demeanour, and the availability of active manpower. He also hoped that the United States would stand by Bangladesh in its development efforts.

Also present at the meeting was Economic Relations Secretary Fatima Yasmin.

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