FDI in Bangladesh jumped 13% after two years: Unctad | Foreign direct investment in Bangladesh
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Friday
January 27, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
FRIDAY, JANUARY 27, 2023
FDI in Bangladesh jumped 13% after two years: Unctad

Economy

Mohammad Ali
11 June, 2022, 08:45 pm
Last modified: 12 June, 2022, 11:41 am

Related News

  • Nat'l roadmap, policy reforms, integrated OSS key to attracting FDI: DCCI
  • Policymakers seem anti-FDI: Economists
  • Mobilising FDI for special economic zones in Bangladesh
  • Chattogram continues to attract Japanese FDI: Ito Naoki
  • ‘Bangladesh’s biggest focus should be getting into ASEAN’ 

FDI in Bangladesh jumped 13% after two years: Unctad

Last year, the number of international project finance deals in Bangladesh tripled compared to the previous year

Mohammad Ali
11 June, 2022, 08:45 pm
Last modified: 12 June, 2022, 11:41 am
FDI in Bangladesh jumped 13% after two years: Unctad

Foreign direct investment (FDI) in Bangladesh rose by 12.9% to $2.9 billion – around the pre-pandemic level – in the last calendar year (2021).

In the same year, the number of international project finance deals in Bangladesh tripled to 14, reaching $4.7 billion.

The largest project was the construction of a container terminal in Ananda Bazar in Halishahar, Chattogram for $2 billion, according to the World Investment Report 2022 prepared by the United Nations Conference on Trade and Development (Unctad) released on Thursday.

Meanwhile, outward FDI from Bangladesh rose nearly seven times to $92 million in 2021.

In 2017, outflow of FDI was the highest – $142 million – since 1990.

Despite successive waves of Covid-19, FDI flows to the developing countries in Asia grew for the third consecutive year, with developing economies in Asia receiving 40% of global foreign investment inflows, said the report.

FDI flows to developing countries in Asia rose by 19% to an all-time high of $619 billion in 2021.

This marked the third consecutive year that investment flows to developing Asia grew despite the Covid-19 pandemic, which led to a 35% plunge in global FDI in 2020.

"FDI flows to developing economies in Asia during the pandemic have bucked the global trend and underscored the resilience of developing economies in Asia," said James Zhan, director of Unctad's investment and enterprise division.

In 2021, FDI in least developed countries (LDCs) increased by 13% to $26 billion and flows remained concentrated, with the top five recipients (Mozambique, Ethiopia, Cambodia, Bangladesh and Senegal, in that order) accounting for 69% of total FDI in the group.

Investing in Sustainable Development Goals

After taking a significant hit in the first year of the pandemic, international Sustainable Development Goals (SDG) investment jumped by 70% last year. But most of the recovery growth came in renewable energy and energy efficiency, where project values reached more than three times the pre-pandemic level.

In 2021, the Association of Southeast Asian Nations (ASEAN), China, Japan and Malaysia launched or revised their sustainable finance taxonomies on sustainable finance. Together with Bangladesh and the European Union (EU), six of the 35 economies in the Unctad sustainable finance regulation database have developed a taxonomy.

A number of countries have started incorporating social development into their taxonomies.

The Bangladesh taxonomy pursues both climate and social development objectives, and covers cottage, micro and SME development and socially responsible investment, said the report.

Bangladesh along with 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.

"While the 2021 recovery in value terms is positive, investment activity in most SDG-related sectors in developing economies, as measured by project numbers, remained below pre-pandemic levels," the report said.

"Across developing Asia, investment in sectors relevant for the SDGs rose significantly," the report said. "International project finance values in these sectors increased by 74% to $121 billion, primarily because of strong interest in renewable energy."

FDI in South Asia fell by 26% to $52 billion

South Asia was the only sub region in Asia to suffer a drop in FDI inflows in 2021 as the $28 billion merger and acquisitions registered in the previous year were not repeated.

Flows to India declined by 30% from its record level in 2020 to $45 billion in 2021.

Despite the slowdown, India jumped one position to seventh recipient of global FDI.

However, a flurry of 108 new international project finance deals were announced in the country, compared with an average of 20 in the last 10 years. The largest number of projects – 23 – was in renewables.

Major projects in India include the construction of a $13.5 billion steel and cement plant by Arcelormittal Nippon Steel and the construction of a $2.4 billion car manufacturing facility by Suzuki Motor. Both companies are based in Japan.

FDI inflow was the highest in the USA in 2021. The country attracted foreign investments of $367 billion, a 143% jump from 2020.

China and Hong Kong received $181 billion and $141 billion claiming the second and the third-highest amount of FDI.

Top News

Foreign direct investment (FDI)

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Infograph: TBS
    State banks spend 80% of their forex for govt imports in H1
  • Manufacturers feel the pinch as consumers tighten belt
    Manufacturers feel the pinch as consumers tighten belt
  • Production remains halted in 8 Ctg power plants
    Production remains halted in 8 Ctg power plants

MOST VIEWED

  • TBS file photo
    Z&Z Fabrics introduces Sorona fabric line
  • Top 20 defaulters owe Tk16,588 crore to lenders: Finance minister
    Top 20 defaulters owe Tk16,588 crore to lenders: Finance minister
  • Cry for dollar for Ramadan imports
    Cry for dollar for Ramadan imports
  • Fund crisis, cost rise stall over 1,000 dev projects
    Fund crisis, cost rise stall over 1,000 dev projects
  • World Bank Managing Director Axel van Trotsenburg. Photo: Reuters
    World Bank MD due Saturday
  • Photo: TBS
    Indian ship arrives in Ashuganj river port with 958 tonnes of rod

Related News

  • Nat'l roadmap, policy reforms, integrated OSS key to attracting FDI: DCCI
  • Policymakers seem anti-FDI: Economists
  • Mobilising FDI for special economic zones in Bangladesh
  • Chattogram continues to attract Japanese FDI: Ito Naoki
  • ‘Bangladesh’s biggest focus should be getting into ASEAN’ 

Features

Sketch:TBS

Why we need consumer education for consumer wellbeing

1h | Thoughts
Dr Ahsan H Mansur, Executive Director, Policy Research Institute. Illustration: TBS

Twin shocks call for stronger domestic policy response

2h | Thoughts
December-er shohor, taxi taken for airport and the Park Street bathed in lights. Photo: Jannatul Naym Pieal

Exploring Kolkata on foot, empowered by Google Maps

3h | Explorer
Island hopping in Bangladesh?

Island hopping in Bangladesh?

5h | Panorama

More Videos from TBS

Kajol’s road paintings bring change in Gafargaon

Kajol’s road paintings bring change in Gafargaon

17h | TBS Stories
Carew & Company witnessed a remarkable growth

Carew & Company witnessed a remarkable growth

18h | TBS Stories
PCB recalls cricketers from BPL ahead of PSL

PCB recalls cricketers from BPL ahead of PSL

20h | TBS SPORTS
Why Misha Sawdagar became villain instead of a Hero?

Why Misha Sawdagar became villain instead of a Hero?

19h | TBS Entertainment

Most Read

1
Picture: Collected
Bangladesh

US Embassy condemns recent incidents of visa fraud

2
Four top bankers arrested in DSA case filed by S Alam group 
Bangladesh

Four top bankers arrested in DSA case filed by S Alam group 

3
Illustration: TBS
Banking

16 banks at risk of capital shortfall if top 3 borrowers default

4
Photo: Collected
Splash

Hansal Mehta responds as Twitter user calls him 'shameless' for making Faraaz

5
A frozen Beyond Burger plant-based patty. Photographer: AKIRA for Bloomberg Businessweek
Bloomberg Special

Fake meat was supposed to save the world. It became just another fad

6
Representational Image
Banking

Cash-strapped Islami, Al-Arafah and National turn to Sonali Bank for costly fund

EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net