Foreign investors may hold back from Bangladesh because its political system remains fragile, Denmark's ambassador said on Monday, urging the country to build an inclusive parliamentary democracy as it seeks a trillion-dollar economy.
Christian Brix Møller made the remarks at the launch of the Bangladesh Garment Manufacturers and Exporters Association's environmental, social and governance dashboard at its office in Uttara, Dhaka.
"As foreigners, we are more reluctant to invest in a country with not only low domestic investment, but also a fragile political system," he said. "I do not say a fragile government; I say a fragile political system."
He said reaching a trillion-dollar economy would require reconciliation, healing and a well-functioning, stable parliamentary democracy. He described the present period as a "constitutional moment" and said the government should use it to build an inclusive system.
The ambassador said the choice belonged to Bangladesh and that foreign partners did not want to be prescriptive.
He urged the government not to lose sight of the July Charter and the 2024 uprising despite the energy crisis and other immediate challenges. "We have an energy crisis and lots of other imminent challenges, but don't forget the July Charter and the uprising in 2024," he said, expressing hope that opposition parties would see themselves represented in the process.
Citing an International Monetary Fund assessment, he said growth was projected at about 3.5% in the 2026-27 fiscal year and could fall below 3% over the medium term without decisive reforms.
On the garment sector, he said Bangladesh could no longer compete on cost alone and that sustainability, transparency and compliance with international standards were essential to keep access to major markets. The BGMEA dashboard, which tracks environmental, social and governance data from factories, could help strengthen buyers' confidence, he said.
BGMEA President Mahmud Hasan Khan Babu presided over the event. Rashed Al Mahmud Titumir, the prime minister's adviser for finance and planning, attended as chief guest.


