BD’s July-May FDI inflow ticks up

Dhaka,  Tue,  25 July 2017
Published : 13 Jul 2017, 00:52:01
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BD’s July-May FDI inflow ticks up



The inflow of foreign direct investment or FDI into Bangladesh, particularly in energy, telecom and stock market has increased, reports bdnews24.com.

Bangladesh received $2.65 billion in the form of gross FDI inflow during the period of July-May of the fiscal year 2016-17 against $2.33 billion in the corresponding period of the previous fiscal year.

The net inflow of FDI jumped 27.75 per cent to $1.62 billion in the July-May period, according to data released by the Bangladesh Bank on its website.

Portfolio investment in the stock market jumped about six times to $324 million.

Finance Minister AMA Muhith has mentioned "political stability" as a factor behind the growth.

In his closing speech on budget in the parliament on Jun 28, while discussing FDI, he said: "A stable political situation has created a positive impact."

Trade deficit widened to $9.2 billion in the 11 months to May from $6.45 billion a year ago.

Bangladesh imported goods worth $40.25 billion during the July-May period of the last fiscal year. It was about 11 per cent higher than that in the corresponding period of the fiscal 2015-16.
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