Japan urges reforms in banking, customs sectors to boost investment in Bangladesh
This was conveyed during a meeting between Japanese Ambassador to Bangladesh Iwama Kiminori and Finance Adviser Dr Salehuddin Ahmed at the secretariat today (19 August).
Flags of Bangladesh and Japan. Illustrations: Collected
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Flags of Bangladesh and Japan. Illustrations: Collected
Japan has emphasised the need for reformation in banking and customs sectors of Bangladesh to enhance Japanese investment in the country.
This was conveyed during a meeting between Japanese Ambassador to Bangladesh Iwama Kiminori and Finance Adviser Dr Salehuddin Ahmed at the secretariat today (19 August).
“The Japanese ambassador mentioned that while they can pass through Swiss immigration in 10 minutes, it takes 10 hours in Bangladesh,” said Dr Salehuddin Ahmed to reporters after the meeting.
The Finance adviser assured that the interim government is committed to taking measures to improve the business environment, including reforms in the banking sector.
“The government has already initiated actions to reform the banking sector,” Dr Salehuddin Ahmed added.
He also mentioned that all ongoing projects financed by Japan will continue, and the government has requested budget support from the Japanese government.
“The metro rail project, which is crucial for us, will also continue with Japanese financing,” he stated.
Additionally, Dr Salehuddin Ahmed sought Japanese financial assistance in Bangladesh’s health and education sectors.
