• Monday, Sep 20, 2021
  • Last Update : 02:41 pm

FDI in Bangladesh fell over 10% last year

  • Published at 09:03 pm May 4th, 2021
FDI
Photo: BIGSTOCK

Bangladesh received $2.56 billion FDI in 2020

Foreign Direct Investment (FDI) in Bangladesh fell by 10.8% last year owing to the stagnant economy created by the global Covid-19 pandemic.

Bangladesh received $2.56 billion FDI in 2020, down from $2.87 billion a year ago, according to the latest data from the Bangladesh Bank.

No new foreign investment came in last year owing to the global Covid-19 pandemic and the overall private investment was not good in that year, said Zahid Hussain, former lead economist of the World Bank Dhaka office.

“It would not be realistic to expect good investment in the country this year as the second wave of the pandemic has already hit the country's businesses and economy,” he added.

The economist said that the foreign investors would not be confident about investing if Bangladesh fails to manage the ongoing coronavirus situation properly or vaccinate 100% of its people.

"The investment structure and existing rules and regulations should be simplified at this moment so that foreign investors do not lose their confidence in the upcoming days," Zahid further said.

According to the central bank data, equity investment rose 4.8% to $842.29 million, while reinvestment increased by 6.73% to $1,566.12 million last year.

However, intra-company loans fell 74.26% to $155.17 million, the Bangladesh Bank data said.

During the October to December quarter of last year, the country received $827.86 million in FDI, which was 14.97% higher than the same quarter of the previous year.

59
Facebook 55
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail