Staff Reporter :
Foreign Direct Investment (FDI) fell by 4.74 per cent in the country during the outgoing fiscal. The total FDI was 1526.70 million in 2014 and 1599.66 million in 2013, according to the report of the United Nations Conference on Trade and Development (UNCTAD).
The report was disclosed at a launching ceremony of ‘World Investment Report 2015’ in the conference of Board of Investment in the city. Dr M Ismail Hossain, Prof of Economics of JahangirNagar University presented the report while BoI Executive Chairman Dr SA Samad presided over the programme.
Every year, UNCTAD publishes a report on the trends and features of foreign investment worldwide (World Investment Report). The report is the most comprehensive and specialised publication in the field of international investment and a key reference for policymakers, experts and businesses.
The 2015 Report focuses on the necessity of reforming the regime of international investment agreements by providing an action plan for such reform. The report also focuses on the fiscal contribution of multinational enterprises in developing economies and the interaction between international tax and investment policies.
Global FDI inflows fell by 16 per cent to $1.23 trillion in 2014, mostly because of the global economy, policy uncertainty for investors and elevated geographical risks.
FDI inflows to developed countries fell by 28 per cent to $ 499 billion and it rose in South Asia to $41 billion in 2014. FDI to Least Developed Countries (LDCs) increased by four per cent, but in case of Bangladesh it is declining. China received the highest $129 billion FDI in 2014, according to the report.
Addressing as the special guest, Dr Tawfiq-E-Elahi Chowdhury, Adviser to the Prime Minister said that UNCTAD report regarding FDI is puzzled. “It fails to provide global investment scenario”, said the adviser.
Bangladesh is good for investment and the government is providing all kinds of assistance regarding FDI.
Special guest and Chairman of Public Accounts Committee Dr Mohiuddin Khan Alamgir, MP, said, FDI is very important for the country’s economic development. “For this, we have to create our internal market efficiently that the foreign investors arrive in our country”, he said.
Land acquisition is another problem, which the government is trying to resolve for the foreign investors, so that they invest without any hesitation, he said.
In the open discussion, Rupali Chowdhury, President of Foreign Investor’s Chamber of Commerce and Industry (FICCI) claimed that low infrastructure, bureaucratic complexity, political instability and corruption were hindering the FDI inflow in the country.
“We need to take positive approach to increase FDI inflow in the country for achieving the GDP (Gross Domestic Product) target”, she said.
County needs at least $ six billion FDI per year to achieve the GDP target of seven per cent, said the FICCI president.
Bangladesh Bank Deputy Governor Nazneen Sultana and BoI Executive Member Nabhash Chandra Mandal were also present, among others.
Foreign Direct Investment (FDI) fell by 4.74 per cent in the country during the outgoing fiscal. The total FDI was 1526.70 million in 2014 and 1599.66 million in 2013, according to the report of the United Nations Conference on Trade and Development (UNCTAD).
The report was disclosed at a launching ceremony of ‘World Investment Report 2015’ in the conference of Board of Investment in the city. Dr M Ismail Hossain, Prof of Economics of JahangirNagar University presented the report while BoI Executive Chairman Dr SA Samad presided over the programme.
Every year, UNCTAD publishes a report on the trends and features of foreign investment worldwide (World Investment Report). The report is the most comprehensive and specialised publication in the field of international investment and a key reference for policymakers, experts and businesses.
The 2015 Report focuses on the necessity of reforming the regime of international investment agreements by providing an action plan for such reform. The report also focuses on the fiscal contribution of multinational enterprises in developing economies and the interaction between international tax and investment policies.
Global FDI inflows fell by 16 per cent to $1.23 trillion in 2014, mostly because of the global economy, policy uncertainty for investors and elevated geographical risks.
FDI inflows to developed countries fell by 28 per cent to $ 499 billion and it rose in South Asia to $41 billion in 2014. FDI to Least Developed Countries (LDCs) increased by four per cent, but in case of Bangladesh it is declining. China received the highest $129 billion FDI in 2014, according to the report.
Addressing as the special guest, Dr Tawfiq-E-Elahi Chowdhury, Adviser to the Prime Minister said that UNCTAD report regarding FDI is puzzled. “It fails to provide global investment scenario”, said the adviser.
Bangladesh is good for investment and the government is providing all kinds of assistance regarding FDI.
Special guest and Chairman of Public Accounts Committee Dr Mohiuddin Khan Alamgir, MP, said, FDI is very important for the country’s economic development. “For this, we have to create our internal market efficiently that the foreign investors arrive in our country”, he said.
Land acquisition is another problem, which the government is trying to resolve for the foreign investors, so that they invest without any hesitation, he said.
In the open discussion, Rupali Chowdhury, President of Foreign Investor’s Chamber of Commerce and Industry (FICCI) claimed that low infrastructure, bureaucratic complexity, political instability and corruption were hindering the FDI inflow in the country.
“We need to take positive approach to increase FDI inflow in the country for achieving the GDP (Gross Domestic Product) target”, she said.
County needs at least $ six billion FDI per year to achieve the GDP target of seven per cent, said the FICCI president.
Bangladesh Bank Deputy Governor Nazneen Sultana and BoI Executive Member Nabhash Chandra Mandal were also present, among others.
