South Korea: Political instability in Bangladesh hampers investment and growth. South Korean Ambassador to Bangladesh, Park Young-sik, on Friday said, \”Bangladesh is currently under an interim government, and whenever I speak with businessmen, they tell me they are holding back on investment\” The shrinking of private investment and consumption will lead to slower economic growth in Bangladesh, he added. In February, it was reported that the business sector in the country is facing a huge liquidity crunch, with numerous commercial and industrial establishments shutting down. There have been several incidents of brutal attacks on businessmen by miscreants in recent months. There is also a growing security concern in the business community of the country, which has urged the interim government to provide a safe and secure environment to all industries, including the readymade garments sector, the main exporter of Bangladesh. In terms of Foreign Direct Investment (FDI), Bangladesh’s FDI-to-GDP ratio is lower compared to India and Vietnam, reports Bangladesh’s leading daily, The Business Standard.
