Investment funds to be mobilised from Hong Kong, London and New York: Finance minister
He says the proposed funds would attract foreign investment without placing additional pressure on the country's domestic financial system.
Finance Minister Amir Khosru Mahmud Chowdhury has said the government is planning to establish privately managed investment funds in Hong Kong, London and New York to mobilise capital exclusively for investment in Bangladesh.
Speaking during the discussion on the proposed national budget for FY27 in parliament today (29 June), the finance minister said the initiative is part of the government's broader strategy to diversify financing sources for both public and private sector investment projects.
He said the proposed funds would attract foreign investment without placing additional pressure on the country's domestic financial system.
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"Once these funds become operational, they will function as foreign investment vehicles and support investment projects in both the public and private sectors without creating extra strain on the country's financial sector," the minister said.
Khosru also said the government would continue its policy of ensuring that domestic borrowing does not crowd out private sector access to credit.
"Our government will maintain the existing approach to domestic borrowing so that the private sector is not crowded out in any way," he added.
