Dr Debapriya Bhattacharya, head of the White Paper Drafting Committee, stated that foreign investment did not increase during former Prime Minister Sheikh Hasina's tenure.

He remarked that over the past 15 years, neither private sector investment nor foreign investment saw significant growth under the Sheikh Hasina government.

He made these remarks on Sunday (15 December) during the annual conference of the International Business Forum of Bangladesh (IBFB) held at a hotel in Gulshan.

At the event, Dr Debapriya emphasized that it is critical to consider how quickly economic reforms can be implemented before embarking on broader reforms. The ability to streamline the political roadmap largely depends on how much economic stability is provided, he added.

He further stressed the necessity of a medium-term plan, calling for integrated efforts. Investments are typically long-term ventures and it is crucial to ensure whether such investments can be adjusted to the changing circumstances after graduating from LDC (Least Developed Country) status. He highlighted the importance of learning from history to pave a smoother path forward.

The head of the White Paper Drafting Committee also noted that despite showing interest in oil extraction, foreign companies are hesitant to sign agreements.