Investment from France

There is no denying the fact that foreign investment in Bangladesh has been in the doldrums over the last few years. The macro-economic fundamentals and other economic indicators of the country remain strong, but it was other problems such as corruption and crime and poor infrastructure that created a poor business climate that kept foreign investors away.

The French foreign trade minister mentioned that a recent French trade delegation had expressed its satisfaction with the business climate here in Bangladesh, and it seems as though the business climate has been enhanced and investor confidence is at long last returning.

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Right now Bangladesh is in serious need of foreign direct investment (FDI). Apart from the capital which is always welcome, foreign investors also bring much needed technological expertise and professionalism.

This has been a difficult year for Bangladesh. We have had floods and price hikes to contend with. But the good news as we approach year's end is that we seem to be turning the corner and things seem to be getting better with some major foreign investment proposals pouring in.

Good news begets more good news. One or two significant investments will go a long way towards improving the business climate and the general sense of well-being in the country, which will in turn attract more investment and lead to greater improvements.

Let's hope that this latest positive pronouncement is a harbinger of things to come.