Dhaka, May 20 -- Growing political uncertainty surrounding the upcoming general election is eroding investor confidence in Bangladesh, leaving the country without a viable investment environment, according to senior economist Zahid Hussain.

In such an environment, he said, investors are more inclined to "keep their money in their pockets" than commit to new ventures.

Speaking on Inside Out, bdnews24.com's in-depth discussion programme on current affairs, the former lead economist at the World Bank's Dhaka office said: "Until the political fog clears, investment will remain stalled. Once there's clarity, investors will say 'the cloud has lifted'."

He added that the breakdown of the old political order and the interim government's attemp...