Shift in Global Economy - Bangladesh needs to be prepared to cope with it: FM | The Daily Star
12:00 AM, June 26, 2021 / LAST MODIFIED: 12:31 AM, June 26, 2021

Shift in Global Economy - Bangladesh needs to be prepared to cope with it: FM

Foreign Minister Dr AK Abdul Momen said the nation should be prepared with skills, education and infrastructure as a major shift is taking place in the world economy.

"To gain from this change, we've to prepare ourselves with skills, education, infrastructure, good governance, and, above all, goodwill," he said.

"I'm confident that through our collective efforts, strong coordination and hard work, we'll be able to turn Bangladesh into 'Shonar Bangla' as dreamt by Bangabandhu Sheikh Mujibur Rahman, the father of the nation," Momen said.

He was addressing a virtual programme titled "Perspective Plan 2041 and Quest for Development: Golden Bengal as a Label for Nation Branding" held on Thursday night.

Bangladesh Ambassador to Saudi Arabia Dr Md Javed Patwari and Dr Kamal Abdul Naser Chowdhury also spoke at the event organised by Bangladesh Embassy in Riyadh.

Dr Momen said, "We've received the final recommendation from the United Nations Committee for Development Policy [CDP] to graduate from the group of Least Developed Countries [LDC]..."

The government's Vision 2041, which is a continuation of Goal 2021, aims to end poverty and to graduate into a higher middle-income status by 2031 and a developed country by 2041, he said.

Momen said Bangladesh is located in a strategic location between South and Southeast Asia. It also offers attractive investment opportunities for foreign investors, including the ones from Saudi Arabia, he mentioned.

"The Saudi side could tap on our public private partnership investment opportunity."

He said Bangladesh is expecting to sign an MoU very soon with Saudi Arabia, which will allow Saudi investors to invest here.

Saudi investors could explore other opportunities here. Bangladesh Investment Development Authority (BIDA) will provide the necessary support, Momen added.


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