Economic Reporter :
Business Initiative Leading Development (BUILD) has called for simplification of repatriation policy and facilitating venture capital investment by bringing changes to the Alternative Investment Rules 2015.
“Repatriation without approval limit should be maintained as per foreign exchange guideline,” BUILD made this observation at the 6th meeting of its Financial Sector Development Working Committee (FSDWC) at Bangladesh Bank headquarters in the city on May 4, said a press release.
BUILD organized the meeting and presented two policy papers on simplification of policies for repatriation and SME financing and the new alternative investment rules. BUILD also shared the issue of strengthening green financing in Bangladesh at the meeting.
The meeting was jointly presided over by Bangladesh Bank Deputy Governor Shitangshu Kumar Sur Chowdhury and Dhaka Chamber of Commerce and Industry (DCCI) President Abul Kasem Khan.
Representatives from Bangladesh Bank, Bangladesh Investment Development Authority (BIDA), Bangladesh Securities and Exchange Commission (BSEC), Dhaka Stock Exchange, Mutual Trust Bank, Meghna Bank, Kushiara Power, venture capital representatives and multinational companies and other concerned representatives from public and private sectors attended the meeting and took part in the discussion.
