Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 421 Tue. August 02, 2005  
   
Business


Preparation for private sector development vision underway
A meeting of the private sector development (PSD) Task Force was held on Sunday in Dhaka to begin the preparation of a Vision for PSD in Bangladesh.

Mahmudur Rahman, adviser to the Energy and Mineral Resources Division and executive chairman of the Board of Investment, chaired the meeting co-chaired by Kamal U Siddiqui, principal secretary to the prime minister.

Besides, members of the Private Sector Development Core Group, the Private Sector Consultative Group (PSCG) and the Development Partners Support Group (DPSG) attended the meeting, says a press release.

The PSD Vision is being developed as part of the government's overall preparation for the proposed World Bank-led, multi-donor Bangladesh Private Sector Development Support Project (PSDSP).

The aim of this PSD Vision is to achieve a vibrant private sector, which contributes to the country's overall growth and development. It will be firmly based on the government's draft of poverty reduction strategy paper (PRSP) which would be finalised within the next few weeks.

The SouthAsia Enterprise Development Facility (SEDF) and the Foreign Investment Advisory Service (FIAS) are supporting the process of developing the PSD Vision.