FDI Powers Economic Growth in Developing Countries
21 March 2023
Foreign direct investment (FDI) is effective in promoting economic development according to International Chamber of Commerce (ICC) Bangladesh President Mahbubur Rahman, speaking at the webinar "Into the Centenary Year: ICC Court visits ICC Bangladesh." Bangladesh is South Asia's second-largest economy and is slated to graduate from the least developed country (LDC) category in November 2026.
The ease of enforcing international arbitral awards affects FDI and local investment, with the ICC playing an important role in making arbitration an effective way of resolving disputes, according to ICC Court President Claudia Salomon.
The webinar was attended by over a hundred participants. Speakers included representatives from Mr. ABM Sertajur Rahman, additional project director for the South Asia Subregional Economic Cooperation Dhaka Sylhet Corridor Road Investment Project, Bangladesh Roads and Highways Department.
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