The creation of the unified authority responds to a longstanding call from investors for a simpler way to engage with the government

The country has received investment proposals amounting to nearly $1 billion in the first five months of this year, pointing to renewed confidence in the country’s economy, according to the Bangladesh Investment Development Authority (Bida).

Bangladesh has the potential to attract significant investment and generate millions of jobs by carrying out key reforms in four promising sectors -- green readymade garments (RMG), housing for the middle class, paint and dyes, and digital financial services, according to a new report by the World Bank Group.