Bangladesh's FDI surges 37 pct to 4.5 bln USD in 2018-19 fiscal year

Source: Xinhua| 2019-09-23 17:45:10|Editor: Li Xia
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DHAKA, Sept. 23 (Xinhua) -- Bangladesh's foreign direct investment (FDI) in the immediate past 2018-19 fiscal year (July 2018-June 2019) surged by 37 percent, or over 1 billion U.S. dollars, compared with the same period of the previous 2017-2018 year, central bank data showed Monday.

The Bangladesh Bank (BB) data showed that gross FDI inflows were recorded at 4,550 million U.S. dollars in the last fiscal year, as against 3,290 million U.S. dollars in the same period a year earlier.

According to the BB statistics, net FDI inflow in the country from last July to June this year stood at 2,540 million U.S. dollars against 1,778 million U.S. dollars in the same period a year earlier.

FDI inflow into Bangladesh totaled 3.6 billion U.S. dollars in 2018, up 68 percent year-on-year on the back of sizable Chinese investments, a UN body report had earlier revealed.

According to the United Nations Conference on Trade and Development (UNCTAD) world investment Report 2019, this was driven by significant Chinese investments in Dhaka Stock Exchange and in a leading mobile financial service company.