Bangladesh FDI crosses $1b in 8 months
The net inflow of Foreign Direct Investment (FDI) in the country crossed $1 billion level during the first eight months of the current fiscal year (FY) 2016-17.
Statistics of the central bank showed that new inflow of FDI stood at $1.17 billion in July-February period of the current FY against $0.99 billion in the same period of the last FY (2015-16).
Thus net inflow of FDI registered around 17.35 per cent growth during the period under review.
Bangladesh Bank data also showed that gross inflow of FDI, however, registered 16.91 per cent growth in the first eight months of the current fiscal year.
In July-February period of FY17, gross inflow of FDI surged at $2.08 billion which was $1.78 billion in the same period of the last fiscal year.
As per the sixth manual on the balance of payment, prepared by the International Monetary Fund (IMF), three major components are deducted from the gross inflow of FDI to derive the net inflow.