Govt Lifts Investment Ceiling on WED Bonds

Economic Tag: Govt.

The government has removed the maximum investment ceiling on Wage Earner Development (WED) bonds to encourage expatriates to invest in Bangladesh. A recent circular from the Internal Resources Division (IRD) also allows expatriate mariners, pilots, and cabin crew employed by foreign companies to invest in WED bonds, effective December 1, 2024. Additionally, the IRD has simplified reinvestment options for various savings instruments, including WED and US Dollar bonds. Expatriates can now invest in WED for one term and reinvest for two consecutive terms, totaling 15 years, while reinvestments in US Dollar bonds will be valid for four consecutive terms.

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