FDI in Bangladesh rose to $2.9bn in 2021, around pre-pandemic level: UNCTAD
News Desk, bdnews24.com
Published: 12 Jun 2022 02:15 AM BdST Updated: 12 Jun 2022 02:15 AM BdST
With the economy back to normal amid a rapid fall in COVID-19 cases, foreign direct investment or FDI in Bangladesh has increased almost to the pre-pandemic level, according to the United Nations Conference on Trade and Development.
Inflows rose by 13 percent to $2.9 billion in Bangladesh last year, the UN agency said in its World Investment Report 2022.
The number of international project finance deals tripled to 14, reaching $4.7 billion, according to the report, published on Thursday. The largest project was the construction of a container terminal in Ananda Bazar for $2 billion.
UNCTAD said FDI in the Least Developed Countries increased by 13 percent to $26 billion, despite the acceleration of funds repatriation by oil companies, which resulted in negative inflows to Angola of $4.1 billion from $1.9 billion in 2020.

In the nine Asian LDCs, FDI inflows rose by 6 percent to $9.8 billion, or one-third of the LDC total. In Cambodia, the largest LDC recipient, FDI was down by 4 percent, at $3.5 billion.
UNCTAD mentioned Bangladesh Dual-Gauge Railway Line Project as an example of investment projects relevant to the UN’s Sustainable Development Goals. The build-own-operate project comprises the construction of an 80-km mass transit system, with Bangladesh Railway and Rites Ltd as sponsors.

In 2021, ASEAN, China, Japan and Malaysia launched or revised their sustainable finance taxonomies on sustainable finance. Bangladesh is among the countries that are in the process of developing one.
Most of the taxonomies in use, and under development, are dedicated to climate transition and environmental protection. However, a few countries have started to incorporate social development into their taxonomies.

Emerging economies are also putting in place sector-specific measures to leverage the potential of financial institutions to finance sustainable development.
Bangladesh, China, Colombia, Nigeria and Turkey have developed guidelines for sustainable banking with the aim of directing more investment into key sustainable development areas, including SME development, job creation, social infrastructure and agriculture.
-
Exports hit all-time high
-
RFL gets $23m in loans from UK
-
Boeing disappointed after China's airlines buy Airbus planes
-
Mexico denies permit for Audi solar plant
-
Russia seizes control of Sakhalin gas project
-
Mexico's largest oil refinery opens to fanfare
-
Former Apple lawyer pleads guilty to insider trading
-
Meta slashes hiring plans
-
Bangladesh posts all-time high exports of $52bn in 2021-22
-
RFL Electronics gets $23m in British loans to boost manufacturing
-
Boeing disappointed after China's top three airlines buy 300 Airbus planes
-
Mexico's environment ministry denies permit for Audi solar plant
-
Russia seizes control of Sakhalin gas project, raises stakes with West
-
Mexico's largest oil refinery opens to fanfare, not yet operational
Most Read
- Bangladesh is gearing up to open its first river tunnel by the end of 2022
- Bangladesh to celebrate Eid-ul-Azha on Jul 10
- Drastic fall in passenger numbers forces owners to cut Dhaka-Barishal launch fares
- Nigerian Islamic court orders death by stoning for men convicted of homosexuality
- War crimes fugitive Aminul Haque took several trips to Pakistan, RAB says
- Daylong chaos as expressway tolling slows traffic
- RFL Electronics gets $23m in British loans to boost manufacturing
- Bangladesh’s exports climb to record $52bn in FY22
- Bangladesh unlikely to reopen Padma Bridge to motorcycles before Eid: official
- A suspect was let off after a mix-up over his name. Then he was arrested at his wedding