Bangladesh President for more investment in people, education

President M Abdul Hamid today emphasized the need for more investment in people, their education and skill development to build human capital for the future, reports BSS.

“We must invest more and more in our people, in their education and skill development . . . Only the right investment in our human capital can prepare us for the demanding future,” he said while delivering his speech on ‘Investment in a New Era of Globalization’ in Global Leaders Investment Summit here.

The five-day UNCTAD’s World Investment Forum 2018 began at the Palais des Nations, the UN office in Geneva, on October 22.

President Hamid urged all concerned to encourage the private sector to invest in the green and renewable energy by providing incentives and preferential treatments.

“We should make sure that investments also respect the preservation of environment and facilitate sustainable development in line with our commitment to the Sustainable Development Agenda,” he said.

The Bangladesh President said exploring remedy could be made in investment policy-making so that more people could benefit from era of globalization.

Referring to the UNCTAD’s World Investment Report 2018, he said the global FDI fell by 23% in 2017 and FDI to developing countries did not recover after a 10% drop in 2016 while FDI to the LDCs also fell by 17% last year. In the wake of last financial crisis, he said, weakened globalization had a devastating impact on global economic growth, trade and investment.

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