‘LDC graduation is an opportunity’

Bangladesh is considering LDC graduation as an opportunity to face the upcoming economic challenges, Principal Secretary to the Prime Minister of Bangladesh Ahmad Kaikaus has said.

He came up with this while speaking as a chief speaker at an event titled “Overcoming Least Developed Countries (LDC) Graduation Challenge of Bangladesh” organised by the British Business Group (BBG) Bangladesh.

The event facilitated a discussion on the preparation, planning, implementation, and monitoring of the possible challenges of Bangladesh’s LDC graduation, said a press release.

The event was co-hosted by Robert Chatterton Dickson, the British High Commissioner to Bangladesh, and Md Mahbub ur Rahman, the Chair of the BBG and CEO of HSBC Bangladesh, at the British High Commissioner’s
residence.

HE Robert Chatterton Dickson said “I welcome the BBG’s engagement with the Government of Bangladesh on ways to improve the business environment here. A better business environment for international companies, including newcomers to the market, is key to encouraging more British firms to export and invest in Bangladesh”, he said.

Dr Ahmad Kaikaus shared his assessment about opportunities in Bangladesh following LDC graduation. He mentioned, “Though there are lot of challenges, Bangladesh sees LDC graduation as an opportunity. The Government of Bangladesh have already identified ways to overcome the potential challenges.”

Md. Mahbub ur Rahman said, “The relationship between the two countries goes beyond business and comprise development partnership, strong diaspora and education”. He also shared that, British businesses were one of the first ones to recognise the immense potential of Bangladesh and remain confident of the future opportunities”

Beneficiary members of the BBG, who represent prominent British businesses in Bangladesh, attended the event.