Bangladesh seeks investor-friendly climate

Bangladesh aims to create a trusted and competitive investment environment for global investors as the country promotes its “open for business” message at the World Economic Forum’s Summer Davos in China, Prime Minister’s Office (PMO) spokesman Mahdi Amin has said.

Speaking at a press briefing at Shangri-La Hotel in Dalian, Amin said Bangladesh’s participation in the global conference is focused on attracting foreign investment, generating employment opportunities and strengthening partnerships on climate resilience and sustainable development.

The PMO spokesman said the Prime Minister addressed a WEF session titled “Climate Leadership in a Shifting Global Landscape,” where he presented the government’s initiatives to tackle climate change challenges.

“Tarique Rahman highlighted the government’s action plan based on its election manifesto to address climate issues before global leaders,” Amin said.

According to him, the Prime Minister outlined several climate-related initiatives, including the excavation and re-excavation of 20,000 kilometres of rivers and canals over the next five years, improved water management in the Padma and Teesta river systems, plantation of 25 crore saplings, promotion of green industries, expansion of the jute sector, development of environmentally friendly electric vehicles and increasing renewable energy use to 20 percent.

Tarique Rahman told the conference that Bangladesh considers climate action not as a financial burden but as an essential investment for prosperity, stability and a shared future.

On the sidelines of the conference, WEF President and CEO Alois Zwinggi met with the Bangladesh Prime Minister and discussed investment opportunities, employment generation and the country’s development prospects.

The PMO spokesman said the Prime Minister’s participation in the conference is expected to create new opportunities for investment and employment while helping Bangladesh adopt international best practices.

TZ