Regulatory uncertainty has become a major bottleneck for investment in Bangladesh, where private sector investments remain weak, said the World Bank in its latest report.
At present, foreign direct investment is less than 1 percent of the GDP.
Businesses, particularly the medium-sized ones, suffer from the inconsistencies in policy implementation, said the Washington based-multilateral lender in the Spring 2019 edition of the Bangladesh Development Update.
The report, which puts special focus on regulatory predictability, was unveiled yesterday at the WB's office in Dhaka.
“Regulatory uncertainty makes property rights insecure, which is a deterrent to investment,” the report said.