Improving governance, reducing corruption and spreading education are key to accelerating the growth of Bangladesh economy, said AmCham President Andrew L Fawthrop yesterday.
The GDP growth has been averaging 5-6 percent for the last several years and there is ample scope for raising it closer to a double-digit, he said.
"Bangladesh is a land with a tremendous amount of opportunity. It is basically a rich country with sufficient human and natural resources. The challenges have always been to utilise the resources to prosperity," he told a monthly luncheon meeting of American Chamber of Commerce in Bangladesh (AmCham) in Dhaka.
"Using the capital in country and the foreign direct investment (FDI) in the best possible way will help ensure the growth of Bangladesh," the AmCham president pointed out.
He also said although there is widespread political rivalry in the country, there is no major dispute on the issues of economic policies.
At the function, Jack R Meyer, president and chief executive officer of Harvard Management Company, presented a paper on 'An Inside Look at the Harvard Fund Management Company'.
Founded in 1974, Harvard Management Company is a wholly owned subsidiary of Harvard University. Its primary role is to manage the university's endowment, pension assets, working capital, and deferred giving accounts. Some 55 percent of its assets are managed internally.
