Bangladesh's net FDI inflow down 68.42 pct in July

Source: Xinhua| 2020-09-10 18:55:49|Editor: huaxia

DHAKA, Sept. 10 (Xinhua) -- Net foreign direct investment (FDI) inflow into Bangladesh in the first month of the current 2020-21 (July 2020-June 2021) fiscal year fell by 68.42 percent, compared with the same period of the previous 2019-2020 year, showed the recently published central bank data.

The Bangladesh Bank (BB) data showed that gross FDI inflows were recorded at 170 million U.S. dollars in July, as against 239 million U.S. dollars in the same period a year earlier.

According to the BB statistics, net FDI inflow in the country in July stood at 18 million U.S. dollars against 57 million U.S. dollars in the same period a year earlier.

Officials said the flow of FDI into Bangladesh has continued to plummet since March when the country announced the detection of the first three COVID-19 cases. Enditem

KEY WORDS:
EXPLORE XINHUANET
010020070750000000000000011100001393587311