Dhaka, Jan. 26 -- The interim government on Monday decided to merge all investment promotion agencies (IPAs) in Bangladesh in a move aimed at simplifying procedures and making the country more investor-friendly.

The decision was taken at a meeting of the IPA Governing Board, chaired by Chief Adviser Prof Muhammad Yunus.

Speaking at a press briefing at the Foreign Service Academy after the meeting, Executive Chairman of BIDA, BEZA and MIDA and CEO of the PPP Authority, Chowdhury Ashik Mahmud Bin Harun, said the government has taken a policy decision to bring all IPAs under a single umbrella to facilitate both local and foreign investment.

Under the move, the Bangladesh Investment Development Authority (BIDA), Bangladesh Economic Zones A...