Bangladesh launched a new action plan Tuesday aimed at helping the youth to become entrepreneurs and generate employment for sustaining the country’s economic growth.
The 'Bangladesh Impact Investment Strategy and Action Plan ' or BIISAP, launched at an event in Dhaka, focuses on employment generation for sustained growth and take the economy forward.
Speaking at the event Planning Minister MA Mannan praised Bangladesh’s young people as very innovative and ager to start their own businesses.
He said the government is encouraging private public partnership for economic development.
Mannan also urged regulators including BB and BSEC for easing policy to provide funds to the young entrepreneurs so they can move forward.
Bangladesh Bank (BB) deputy governor Abul Farah Md Naser was among a host of speakers at the programme.
They are Prof Shibli Rubayat-Ul- Islam, chairman BSEC, Mustafa Osman Turan, ambassador of Turkiye to Bangladesh, Nathalie Chouard, ambassador of Switzerland, Sirajul Islam, executive chairman BIDA and Chair, National Advisory Board (NAB) for investment, Khondkar Morshed Millay, Director sustainable finance of BB, Sir Ronald Cohen, chairman, global steering group for impact investment, Arastoo Khan, member secretary NAB, Farhad Reza, CEO of NAB and president Build Bangladesh.
Jonathan Tsuen Yip Wong, chief of technology and innovation trade UNESCAP and Md Tarique Amin Bhuiyan, member Dhaka Stock Exchange made video presentation on investment opportunities in Bangladesh.
The BB deputy governor the central bank formed a fund of Tk 1000 crore for start-up of which Tk 500 crore has already been disbursed.
The central bank instructed banks to speed up disbursement of start-up funds and the volume of the funds will be increased if required, he said.
Turkiye ambassador Mustafa Osman Turan said dedicated and committed individuals are needed to make success in entrepreneurship.
Bangladesh can achieve SDG goals by employment of its huge youth population through creating entrepreneurship, he said.
BSEC Chairman Prof Shibli said the policies are being eased to encourage green bond and venture capital for sustainable investment in the country.