Noted economist and Centre for Policy Dialogue (CPD) Distinguished Fellow Prof Dr Mustafizur Rahman on Saturday said a good election is needed for boosting investment in the country.
“Investors want the assurance of a stable government. Therefore, if a good election is held at the desired time announced by the government, stability will return to the country,” he said.
He said this while addressing a shadow parliament debate on “Bangladesh’s Capacity to Tackle LDC Graduation Challenges” at the Bangladesh Film Development Corporation (BFDC). The event was organized by Debate for Democracy.
He also said that it would be wrong to say that LDC graduation is only the government's achievement, it is a national achievement of the private sector and the people.
“Even if we apply to postpone LDC graduation, we have to continue our preparations,” he said.
Dr Rahman said that Although LDC graduation will not cause much difficulty to large factories in the garment sector, there is a risk that small and medium factories will close.
“Since there will be no patent benefits in the pharmaceutical industry, the price of drugs may increase ten to thirty times,” he added.
