The business community is urging the government to create a long-term and realistic policy to enhance the investment environment. The president of FBCCI, Mir Nasir Hossain, stated that they have requested the government to finalize this policy within a few months to prevent any changes by future administrations. These recommendations were made in response to the government's draft framework for establishing a 'Better Business Forum' to boost business confidence and economic growth. The private sector's recommendations were presented to Chief Adviser Fakhruddin Ahmed by Nasir, who is coordinating representatives from the business and industry sectors. The proposed forum is anticipated to have a central body consisting of senior advisors, top business executives, and representatives from government agencies such as the Bangladesh Bank, National Board of Revenue, and government secretaries. The government has taken the step to establish this forum in response to the declining business confidence, which has led to a decrease in both domestic and foreign investments. The decrease in business confidence has also impacted the demand for credit from the banking sector, which held more than Tk 140 billion in excess liquidity by the end of July. Foreign Direct Investment (FDI) in Bangladesh declined by 6 percent to $792 million in 2006, compared to $845 million the previous year, largely due to political unrest, volatility, and changes in government, as reported in the World Investment Report 2007. Additionally, local investment proposals have also decreased according to figures from the Board of Investment. The proposed forum, to be led by chief adviser Fakhruddin Ahmed and executive chairman Mirza Azizul Islam, is expected to have sub-forums focusing on various topics such as ports, export, import, banking, and investment. Advisers from relevant ministries will chair the committees, with association leaders and government officials as members. The forum aims to address business community issues, propose solutions, and develop action plans. Businessmen have requested private sector representation and prompt selection of working groups. He stated that we have also suggested making amendments to laws in order to streamline business operations.