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Bangladesh has logged 19.13 per cent growth in attracting foreign direct investment (FDI) in the last fiscal year 2024-25.
The country reported FDI worth $1686.24 million in the fiscal year (FY) 2024-25 which was $1415.46 million in the previous FY.
Bangladesh Investment Development Authority (BIDA) revealed the figures on Monday through a statement.
Such growth, which took place in a post-uprising period, has set an example as many countries witnessed negative growth during such post-revolution periods, BIDA said.
"Usually, after a big political change, foreign investment decreases. But Bangladesh is the only country that did not follow this pattern," said the BIDA statement.
A recent look at global trends by the World Bank reveals common story, BIDA said, adding that in countries shaken by major political uprisings, foreign investment usually sharply decline in the following year.
In the post-revolution period, FDI fell by 19.49 per cent in Sri Lanka (after 2022), by 15.68 per cent in Chile (after 2019), by 27.60 per cent in Sudan (after 2019), by 81.21 per cent in Ukraine (after 2014), by 107.55 per cent in Egypt (after 2011), and by 151.45 per cent in Indonesia (after 1998).
This hike "reflects the deep confidence of the international community in the stability of the country's economy and its favourable investment climate," said BIDA.
Commenting on the development, BIDA's Executive Chairman Ashik Chowdhury said the greatest strength of Bangladesh is its amazing ability to bounce back despite all challenges.
"From setting the right economic policies to the sincere efforts of institutions like Bangladesh Bank and NBR, and the indomitable spirit of our private sector - this success is the result of everyone's combined effort," he was quoted as saying. "We have always tried our best to support investors. Of course, not all problems have been solved, but there has been no lack of good intention. We will soon publish a full-year performance report," he added.
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