Foreign investment decreased by 14% in 2023: UNCTAD

Economic Tag: Foreign Aid

During the COVID-19 pandemic, global foreign direct investment (FDI) decreased, impacting Bangladesh as well. From 2019 to 2021, Bangladesh experienced a decline in FDI. Economic recovery in 2022 led to an increase in FDI in Bangladesh, but it fell again by 13.67% in 2023. According to UNCTAD’s 2024 World Investment Report, global FDI fell by 2% in 2023 due to economic slowdowns and geopolitical tensions. Bangladesh received $3.04 billion in FDI in 2023, down from $3.48 billion in 2022. Despite this, announcements for new projects increased, indicating potential future growth. Bangladesh remains among the top five LDCs for FDI, though its FDI inflows decreased while overall FDI to LDCs increased by 17%. In South Asia, FDI fell by 37%, with significant drops in India and Pakistan but increases in Nepal and the Maldives. Investment in infrastructure and health sectors in developing countries rose.

Source for more details:

Related News

Sweden Contributes $1.85M to Aid Flood Victims

September 29, 2024

Sweden is supporting the 5.8 million flood-affected individuals in eastern Bangladesh with $1.85 million (Tk 22.2 crore) in humanitarian assistance, channeled through organizations like the Norwegian Refugee Council (NRC), Islamic Relief, Danish Refugee Council (DRC), and Action Against Hunger (AAH).

WB Grants Tk 250M to Support Injured from Student Protests

September 29, 2024

The World Bank will provide Tk 250 million to the health ministry to support the medical needs of critically injured individuals from the July-August student protests. The Directorate General of Health Services (DGHS) is working with hospitals to identify necessary medical equipment and treatment facilities, using the funds to purchase supplies instead of direct cash assistance.

US Pledges $199 Million in New Aid for Rohingya Refugees

September 26, 2024

The United States has announced nearly $199 million in new assistance for Rohingya refugees in Bangladesh, as revealed by Under Secretary of State for Civilian Security, Democracy, and Human Rights Uzra Zeya during a United Nations General Assembly side event on September 24. 

USAID Grants $200 Million for Bangladesh’s Development

September 17, 2024

The United States Agency for International Development (USAID) has committed over $200 million to aid Bangladesh’s development, with a focus on youth empowerment, strengthening democracy, and improving governance. The agreement, signed between USAID and Bangladesh's Economic Relations Division (ERD), aligns with the interim government's priorities of inclusive growth and economic stability.

Japan Offers $2 Million in Aid for Bangladesh Flood Relief

September 7, 2024

Japan has allocated $2 million to the Japan Platform for flood relief in Bangladesh, supporting various sectors through NGOs. Japanese Ambassador Iwama Kiminori and Lt Gen (ret.) M Jahangir Alam Chowdhury discussed the aid on September 4, 2024. Japan also expressed interest in assisting with flood forecasting and damage assessment. The Japanese government has concerns about the safety of its citizens and projects in Bangladesh, and has urged improvements in the law-and-order situation, particularly in Rohingya camps.

UNFPA Seeks $5 Million for Flood Relief

September 5, 2024

Severe flash floods in southeastern Bangladesh have affected over 5.82 million people, leaving many without shelter, healthcare, or basic supplies. The floods, intensified by climate change, have overwhelmed major rivers and caused widespread devastation.

Related News

Sweden Contributes $1.85M to Aid Flood Victims

September 29, 2024

Sweden is supporting the 5.8 million flood-affected individuals in eastern Bangladesh with $1.85 million (Tk 22.2 crore) in humanitarian assistance, channeled through organizations like the Norwegian Refugee Council (NRC), Islamic Relief, Danish Refugee Council (DRC), and Action Against Hunger (AAH).

WB Grants Tk 250M to Support Injured from Student Protests

September 29, 2024

The World Bank will provide Tk 250 million to the health ministry to support the medical needs of critically injured individuals from the July-August student protests. The Directorate General of Health Services (DGHS) is working with hospitals to identify necessary medical equipment and treatment facilities, using the funds to purchase supplies instead of direct cash assistance.

US Pledges $199 Million in New Aid for Rohingya Refugees

September 26, 2024

The United States has announced nearly $199 million in new assistance for Rohingya refugees in Bangladesh, as revealed by Under Secretary of State for Civilian Security, Democracy, and Human Rights Uzra Zeya during a United Nations General Assembly side event on September 24. 

USAID Grants $200 Million for Bangladesh’s Development

September 17, 2024

The United States Agency for International Development (USAID) has committed over $200 million to aid Bangladesh’s development, with a focus on youth empowerment, strengthening democracy, and improving governance. The agreement, signed between USAID and Bangladesh's Economic Relations Division (ERD), aligns with the interim government's priorities of inclusive growth and economic stability.

Japan Offers $2 Million in Aid for Bangladesh Flood Relief

September 7, 2024

Japan has allocated $2 million to the Japan Platform for flood relief in Bangladesh, supporting various sectors through NGOs. Japanese Ambassador Iwama Kiminori and Lt Gen (ret.) M Jahangir Alam Chowdhury discussed the aid on September 4, 2024. Japan also expressed interest in assisting with flood forecasting and damage assessment. The Japanese government has concerns about the safety of its citizens and projects in Bangladesh, and has urged improvements in the law-and-order situation, particularly in Rohingya camps.

UNFPA Seeks $5 Million for Flood Relief

September 5, 2024

Severe flash floods in southeastern Bangladesh have affected over 5.82 million people, leaving many without shelter, healthcare, or basic supplies. The floods, intensified by climate change, have overwhelmed major rivers and caused widespread devastation.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here