Business | Investment
Foreign direct investment wanes in Bangladesh
Foreign direct investment (FDI) inflow to Bangladesh fell by 16 per cent in 2007 over that of the previous year, despite a significant rise in both global and regional inflows, according to a UN report released this week.
- By Anisur Rahman, Correspondent
- Published: 00:07 October 2, 2008
Dhaka: Foreign direct investment (FDI) inflow to Bangladesh fell by 16 per cent in 2007 over that of the previous year, despite a significant rise in both global and regional inflows, according to a UN report released this week.
The World Investment Report (WIR) 2008 of the United Nations Conference on Trade and Development (Unctad) said, in 2007 Bangladesh received $666 million (Dh2.44 billion) FDI, a 16 per cent drop from the previous year's $793 million in stark contrast to 32 per cent increase in FDI receipts globally.
The Unctad report, which came coinciding with Dhaka's election to the UN organ as its president, showed that Bangladesh slipped its position to 121st this year in terms of inward FDI performance index from 120th last year among 141 economies for diminution of the investment inflow.
In South Asia, FDI reached $30.62 billion last year from $25.78 billion, of which India alone got about $23 billion in South Asia, the report said.
Officials and financial analysts attributed the fall on political uncertainty, indecision over some big proposals and infrastructure constraints, including crisis of natural gas for industries in energy starved Bangladesh.
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