National polls: Uncertainty eases, positive signals for economy, says Prof Mustafizur
He stresses importance of improving law-and-order situation and ensuring good governance
Uncertainty has eased following the 13th national election, and the polls marked the beginning of a renewed democratic journey, sending a positive message for the country's trade, commerce and overall economy, Prof Mustafizur Rahman, distinguished fellow at the Centre for Policy Dialogue (CPD), said today (13 February).
"This was a necessary factor to increase investment, as the private sector did not want to make new investments or expand existing businesses amid uncertainty," he told The Business Standard over the phone.
However, he cautioned that a good election alone would not be enough to generate economic momentum or boost investor confidence.
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"To translate this issue into investment, it must be addressed through the sufficient factor," he added.
In this regard, Mustafizur stressed the importance of improving the law-and-order situation and ensuring good governance.
He also emphasised the need for appropriate fiscal policies, improved ease of doing business, reduced cost of doing business, necessary reforms in key economic sectors, enhanced institutional efficiency, and overall macroeconomic stability.
"If these measures are ensured, confidence among both domestic and foreign investors will grow, leading to increased investment," he said.
However, Mustafizur noted that investment would not increase from day one. Rather, such steps would send positive signals to the market, and as confidence strengthens over time, investment would gradually rise.
