General

Muhith for expediting social investment to achieve SDGs

Finance Minister AMA Muhith today underscored the need for expediting the process of investment in the social sectors to achieve the much coveted Sustainable Development Goals (SDGs) by 2030.

"We have another 15 years in hands to achieve the SDGs . . . Bangladesh is doing well for achieving the goals," he said while addressing as the chief guest the inauguration session of the first ever summit on "Impact Investment in Bangladesh" at a city hotel.

The investment summit was initiated by Build Bangladesh and organized by Bangladesh Brand Forum.

The summit, with the theme "Driving the Sustainable Agenda", was designed with several keynote sessions and four panel discussions by global and local veterans.

Muhith said "The country's goal towards sustainable development is that no one should be left behind which can only be achieved through social investment, economic empowerment and environmental sustainability - all of which are major goals of impact investment as well."

Mentioning the reduction of poverty level from 70 percent to 22 percent in past 40 years as a great success, he said the global community is lauding Bangladesh for achieving this remarkable progress in various sectors including poverty alleviation.

Terming the development trend of the country as upstream, he said the movement of Impact Investment has been playing an important role in society and environment to make the development sustainable.

There were four specialized panel discussions focusing on four fundamental industries - Impact Investment: Financial Institution, Agriculture and Food Security, Ready Made Garments (RMG), and Health and Well-being.

The discussions explored the current scenario and possibilities of Impact Investment in these sectors in Bangladesh.

The summit aimed to develop and understanding of the status of the global impact investing market as a critical input to future investments and engagement to grow this market in Bangladesh.

Source: Bangladesh Sangbad Sangstha (BSS)