FM seeks US investment in Bangladesh under IDFC Fund

Staff Correspondent | Published: 17:14, Jun 30,2020


Bangladesh foreign minister AK Abdul Momen and US secretary of state Michael R Pompeo

Bangladesh foreign minister AK Abdul Momen urged the United States to invest in Bangladesh’s health sector under their IDFC Fund.

He made the request during a telephone conversation with US secretary of state Michael R Pompeo on Monday, said a press release issued by the ministry of foreign affairs in Dhaka on Tuesday.

The minister also sought US investment in economic zones saying Bangladesh was ready for different types of foreign investment.

He said investment in Hi-Tech Parks and ICT sector in Bangladesh would be profitable for the US as skilled work forces was available here.

Momen also sought duty-free access of Bangladeshi RMG products to the US market for two years.

He said RMG workers had fallen into uncertainty as buyers from different countries including the US cancelled their orders from Bangladesh due to COVID-19 pandemic.

Momen also urged Pompeo to handover Rashed Chowdhury, killer of the country’s founding president Sheikh Mujibur Rahman to execute the court verdict.

Pompeo appreciated Bangladesh for advancing to Tier-2 in the Trafficking in Persons report released recently.

Momen laid emphasis on partnership and mutual cooperation as the COVID-19 pandemic put the world into total uncertainty.

The two leaders also decided to continue their cooperation to address the COVID-19 pandemic. 

Pompeo praised Bangladesh’s role in tackling the pandemic situation through manufacturing emergency medical and protective supplies, said another press release issued by the US embassy in Dhaka.

He commended foreign minister Momen for Bangladesh’s continued generosity in hosting Rohingya refugees.

The two countries renewed commitments to support the voluntary, safe, dignified, and sustainable return of Rohingya refugees to Myanmar. 

They also discussed the importance of transparency and access to information for long-term economic stability and sustainable development.

The United States has so far provided nearly $820 million to different organisations to address the Rohingya crisis.

The US had also provided more than $43 million to Bangladesh to fight the COVID-19 pandemic, the release said.

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