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OpEd

by tbhad

The month of March is important for Bangladesh. Every Bangladeshi remembers with respect the 7th of this month when Bangabandhu addressed all of us in 1971 and told us to prepare ourselves for our War of Liberation. Similarly, we recall with nostalgia the 17 March which is celebrated by all …

The continuity in government holds immense significance in the development of the country. The 15 years of stay in power has offered the ruling Awami League scope to frame and execute policies for attaining tremendous economic development. Though the recent political instability centring the 12th parliamentary election casts a shadow on the future of the country, the peaceful election has removed all the uncertainties. The retention of power by the ruling party has created opportunities for them to create an investment-friendly environment to attract investments from the international business community as the perceived political stability will help grow the confidence of the investor. The extended duration of rule has enabled the Awami League to implement measures that have stimulated economic growth. Bangladesh’s implementation of infrastructure development, social welfare programmes, and pro-business policies has established it as an emerging economic force in South Asia. The continuity in administration facilitates the consolidation of these achievements and the execution of additional reforms, guaranteeing a stable and favourable atmosphere for both local and foreign investors. Thus, the government of Bangladesh must utilise its political stability to attract foreign investments. The aftermath of the last election in Bangladesh has showcased the robustness of the democratic process, despite early apprehensions. The current state of political stability is a vital consideration for international investors who are looking for dependable and safe places to put their money. To foster an environment conducive to investment, it is crucial for the government to effectively convey the stability and predictability of the political climate to prospective investors. With its burgeoning economy and stable administration, Bangladesh is poised to attract foreign money, making it an attractive prospect for the worldwide business community …