NY confce on Bangladesh's investment potential begins

A major conference on investment opportunities in Bangladesh, organised by the Asia Society and sponsored by JPMorgan and Goldman Sachs, began in New York yesterday.
The conference titled “Untapped Investment Opportunities in Bangladesh ” was held at a time when foreign investment in the country's stock exchanges has been rising.
In the conference, Bangladesh's Ambassador to the US Humayun Kabir spoke on overall economic and investment climate in Bangladesh.
Ahsan Mansur, division chief of Middle East and Central Asia of International Monetary Fund, Dominic Wilson, managing director of Global Economics Group of Goldman Sachs & Co, and David Fernandez, head of Asia Sovereign Research of JP Morgan highlighted macro economic outlook and long-term growth prospects.
Among other issues, Mamun Rashid, CEO of Citibank, N.A Bangladesh, spoke on flexibility of Bangladeshi mutual funds regarding overseas investment.
The conference at the Asia Society and Museum in New York was co-organised by Network of Young Bangladeshi American Professionals.
According to the Asia Society, an organisation working to strengthen relationships and promote understanding among the people, leaders, and institutions of Asia and the United States, the Bangladesh economy has steadily accelerated in recent years, with growth reaching 7 percent in 2006.
"Despite the troubled political environment and extreme poverty, the country scores particularly well on socio-economic indicators. Global banks and multilateral institutions also present a highly optimistic outlook: Citi, Goldman Sachs, JPMorgan and Merrill Lynch have identified Bangladesh as a key investment opportunity. This impressive growth occurs in a climate of political restructuring," according to an invitation of the Asia Society.