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The Financial Express

FDI drops by 20pc last year

FE Online Report | Published: May 18, 2020 21:46:09 | Updated: May 20, 2020 09:41:18


FDI drops by 20pc last year

Net inflow of foreign direct investment (FDI) in Bangladesh dropped by 20.45 per cent in the last calendar year (2019), according to the latest estimate of the central bank.

The estimate, although provisional, showed that net inflow of FDI stood at around $2.88 billion in 2019 against $3.61 billion in 2018.

Bangladesh Bank data also revealed that half of the net FDI came through reinvested earnings worth $1.47 billion last year.

Equity investment stood at $0.80 billion while intra-company loan at $0.61billion in 2019, according to the estimate.

Bangladesh Bank prepared the provisional estimate based on final estimate of first three quarters (January-September) and provisional estimate of last quarter (October-December).

The sharp decline in FDI in the last year is not related to outbreak of coronavirus.

Central bank estimate also showed that the gross inflow of FDI was recorded at $3.99 billion last year while disinvestment figure at $1.11 billion.

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