The nation has kicked off talks with ratings agencies to lay the groundwork for a return to international debt markets
Trade deficit shrinks in first nine months of 2015-16 financial year
Overall trade deficit in the first nine months (July-March) of the current fiscal has declined by 0.67 percent from figures for the same period of the previous FY.
Published : 16 May 2016, 07:39 PM
Updated : 16 May 2016, 07:39 PM
The current trade deficit is at $4.68 billion.
Economist Zaid Bakht attributes this decline to a fall in global food and oil prices.
He has told bdnews24.com that despite a hike in exports, the fall in international food and oil prices have led to cheaper import costs on these items that have enabled the fall in trade deficit.
The analysis of Bangladesh Bank data on Balance of Payment reveals a trade deficit of $4.68 billion for the period between July-March of the current financial year – 0.67 percent less than the figures during the same time last fiscal.
Net FDI during July-March of the current fiscal has registered a 21.54 percent rise, but foreign investment in the stock market has registered a six-fold decline.
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