A virgin market

Article Abstract:

Bangladesh is attracting foreign investment via relaxation of artificial market restriction policies and the establishment of export processing zones (EPZs). The zones offer incentives including the ability to import construction and raw materials tax-free. The Chittagong EPZ consists of 71 companies with 31,000 employees and $166 million in investments. The Dhaka EPZ has 17 companies with 12,000 employees and $31 million in investments.

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Biting the privatization bullet

Article Abstract:

Bangladesh's Awami League government has introduced policies that will turn over many facilities to the private sector between 1997 and 2000. The facilities include textile factories, power plants and distributors, telephone services, ports, water and railways. Among the changes scheduled are corporatization, contracts, and open competition.

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Making the long-overdue reforms work

Article Abstract:

Bangladesh Prime Minister Sheikh Hasina has established a banking law reform committee dedicated to curbing defaults on loans. The committee has recommended setting up a financial court with the power to foreclose securities and imprison defaulters. Bangladesh Bank has separated old loans from new loans to track defaults.

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