Foreign direct investment placing around $2.5 billion annually, the government is going to hold a summit in a bid to attract foreign investors and break the current situation.
The Bangladesh International Investment Summit will take place in November, where the BIDA will highlight the government’s last five years steps to improve the investment climate and ease the process of doing business.
According to the Bangladesh Bureau of Statistics, in FY 2020-2021, the private investment-to-GDP ratio declined to 21.25 per cent, from 22.06 per cent the previous year, amidst the onset of Covid-19 in March 2020.
In FY19, the ratio was 23.5 per cent of the GDP when the country received the highest record FDI worth $3.89 billion.
In FY20, Bangladesh could attract $2.37 billion, down 39 per cent from a year ago.