The country has started receiving good number of investment proposals both from home and abroad. This shows that the doors of investment at various fields here have already opened up.
Finance Minister Abul Maal Abdul Muhith said this on Thursday.
“I have been talking about PPP for the last seven years, but it was not visible remarkably.
The minister was addressing the inaugural ceremony of ‘PPP Financing Partnership”, organised by the ‘PPP Authority’ at the Pan Pacific Sonargaon Hotel in capital.
A total of 14 private sector financial institutions signed memorandum of understanding (MoU) with the PPP (Public Private Partnership) Authority.
Bangladesh’s development activities have been acclaimed globally, Muhith commented, adding that the country is in a very encouraging position in regards to investment, trade and commerce.
Principal Secretary of the Prime Minister’s Office (PMO), Md. Abul Kalam Azad chaired the session while Secretary, Bank and Financial Institutions Division, Ministry of Finance, Eunusur Rahman and Chairman, Association of Bankers, Bangladesh (ABB), Anis A. Khan spoke on the occasion.
Abul Kalam Azad said the country’s GDP has recorded 7.1 percent growth which will stand at 8 percent by the year 2021. The works of the special economic zones are progressing rapidly and so we are in a very good position now.
The financial institutions that signed MoU with the PPP Authority are AB Bank Limited, BIFFL, Brac EPL Investment Limited, City Bank Capital Limited, Dhaka Bank Limited, Green Delta Capital Limited, IDLC Finance Limited, IDCOL, IIDFC, Modhumoti Bank Limited, Mutual Trust Bank Limited, Riverstone Capital Limited, The City Bank Limited and Trust Bank Limited.
As per the agreement, different banks and non-banking financial institutes will invest in various projects in the haor areas of the country.
Over a hundred senior officials of different public and private sector financial institutions were present in the MoU signing ceremony.