The Financial Express

'Huge foreign investment will come in FY19'

| Updated: August 15, 2018 20:38:23

'Huge foreign investment will come in FY19'

Planning Minister AHM Mustafa Kamal has said Bangladesh will receive huge foreign direct investment (FDI) in the current fiscal year.

"The actual FDI amounting some seven to eight billion US dollars will come in this fiscal year (2018-19), which was not more than two billion US dollars in the previous fiscal years," the minister said.

The minister made the projection at an inter-ministerial meeting at the NEC Conference room in the city's Sher-e Bangla Nagar area on Monday.

The meeting was held over determination of strategy for ADP implementation, fixation and approval of new projects.

At the meeting, the secretaries of different ministries were asked to get development projects approved before the next national election, said a press release, reports UNB.

Briefing after the meeting, the minister said a small election-time government will be formed under the leadership of Prime Minister Sheikh Hasina anytime in October next.

"So, the secretaries of different ministries were asked to get new projects approved before the formation of election-time government as it will perform only routine works and can't take any policy decision," he said.

Mentioning that the implementation rate of ADP usually reduces in the national election year comparing to that in other years, he said directives were given to prevent such situation in this election year.

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