Releasing the statistics in a Facebook post, Bangladesh Investment Development Authority (BIDA) executive chairman Chowdhury Ashik Mahmud Bin Harun said the figures "demonstrate Bangladesh's resilience and continued investor confidence despite the internal instability typically associated with mass popular movements”.
Sudan saw a 27.6-per cent decrease in FDI after the uprising in 2019, while Sri Lanka witnessed a decline of 19.49 per cent in 2022. Chile saw a 15.68-per cent FDI drop in 2019, Ukraine saw a 81.21-per cent drop in 2014, Egypt recorded a 107.55-per cent drop in 2011 and Indonesia recorded a 161.45-per cent decline in 1998.
Harun attributed this exceptional success to a combination of factors, including the sincerity shown by key government institutions, sound economic policies, focused efforts across various sectors and the indomitable spirit of the private sector.
He cautioned people regarding short-term FDI trends due to the upcoming national election as FDI is expected to naturally drop just before the polls, according to domestic media outlets.
But investment is expected to become balanced again after the election, he added.
ALCHEMPro News Desk (DS)
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