Government expecting US$ 8 bn FDI this FY: Planning Minister | 2018-08-13 | daily-sun.com

Government expecting US$ 8 bn FDI this FY: Planning Minister

Sun Online Desk     13th August, 2018 09:04:54 printer

Government expecting US$ 8 bn FDI this FY: Planning Minister

The government hopes that Bangladesh will receive foreign direct investment (FDI) amounting to seven to eight billion US dollars in the current fiscal year.

 

Planning Minister AHM Mustafa Kamal said this at an inter-ministerial meeting over 'determination of strategy for ADP implementation, fixation and approval of new projects' held at the NEC Conference room in the city's Sher-e Bangla Nagar area, reports UNB.

 

He said the government hopes that huge foreign investment will come this fiscal year. The actual FDI amounting some seven to eight billion US dollars will come in this fiscal year (2018-'19), which was not more than two billion US dollars in the previous fiscal years, the Minister added.

 

At the meeting, the secretaries of different ministries were asked to get development projects approved before the next national election, said a press release.

 

Briefing after the meeting, the Minister said a small election-time government will be formed under the leadership of Prime Minister Sheikh Hasina anytime in October next. So, the secretaries of different ministries were asked to get new projects approved before the formation of election-time government as it will perform only routine works and can't take any policy decision, he said.

 

Mustafa Kamal, who is better known as Lotus Kamal said the secretaries were asked to take up implementable projects.

 

Mentioning that the implementation rate of ADP usually reduces in the national election year comparing to that in other years, he said directives were given to prevent such situation in this election year.


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