Bida assumes directorship at World Association of Investment Promotion Agencies
The Bangladesh Investment Development Authority (Bida), the apex investment promotion agency of Bangladesh, has assumed the South Asia regional directorship at the World Association of Investment Promotion Agencies (WAIPA).
The decision to appoint Bida for the 2021-2023 term was made by the WAIPA Steering Committee at a hybrid meeting at Dubai in the United Arab Emirates today.
Mohsina Yasmin, executive member of the BIDA, addressed the committee after the decision was made.
Bangladesh's high-growth economy is creating diverse investment opportunities in strategic sectors and Bangladesh will emerge as a $500 billion economy by 2026 despite the setback caused by the Covid-19 pandemic, she said.
"As we assume the regional directorship of South Asia, we will focus on achieving greater regional cooperation, especially for exchanging information between members and for capacity building," she told committee.
"We are also greatly excited by the opportunity for strong and structured networking and match-making between our private sectors."
She, on behalf of Bida, pledged to be a proactive member of the steering committee and uphold the progressive statutes of WAIPA.
This appointment made Md Sirazul Islam, executive chairman of Bida, a member of WAIPA's steering committee.