The business community has urged the government to develop a long-term and achievable policy to enhance the investment climate, as part of their suggestions for establishing a Better Business Forum. FBCCI president 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 creating a 'Better Business Forum' to restore business confidence and boost economic growth. The private sector's recommendations were presented to chief adviser Fakhruddin Ahmed by Nasir, who coordinated representatives from business and industry. The proposed forum is anticipated to include a central body composed of senior advisers, top business leaders, and representatives from government agencies such as the Bangladesh Bank, National Board of Revenue, and government secretaries. The government has taken the initiative to establish this forum in response to a decline in business confidence, which has led to a decrease in both domestic and foreign investment. The decrease in business confidence has also impacted the demand for credit from the banking sector, which is holding over Tk 140 billion in excess liquidity as of July. Foreign Direct Investment (FDI) in Bangladesh decreased by 6 percent to $792 million in 2006, down from $845 million the previous year, primarily due to political instability, volatility, and changes in government, as reported in the World Investment Report 2007. Additionally, local investment proposals have also declined, according to figures from the Board of Investment. The proposed forum will be led by chief adviser Fakhruddin Ahmed, with finance adviser Mirza Azizul Islam serving as executive chairman. Sub-forums on various topics like ports, export, import, banking, and investment are also expected. Advisers from relevant ministries will lead the committees, while leaders from associations and government officials will be members. The forum will address business community issues and propose solutions and action plans. Businessmen have urged the government to involve private sector representatives and select working groups promptly. He mentioned that we have also suggested making amendments to laws in order to facilitate business operations.