Investment, Liquidity & Interest Rate
Masih Malik Chowdhury FCA
The development pace of Bangladesh has since last 2 decades or more, been very positive. Although neither Press media nor so-called Civil- Security has ever held up our economic higher accomplishments, the country has been on the development pathway quite consistently. It has been 6.5% or around, almost all along that tenure. Sidr, Coastal disasters, Cyclones, Flood, Corruption etc are heavily projected as deterrents to or impediments for our development. All these together however could not hang up but only deferred our country’s economic upliftment. The world pace of development has been negative these 2 years. Whatever forecast from all or one of WB, IMF, EU or ADB is considered, any projection about our economy has not proved sensible. On the contrary, Bangladesh has been prospering consistently well on its economic arena. Of course, investment scenario needs a much faster expansion. Moreover, new dimensions of investments need to be uncovered wherein high inflow of investment would pour into leading in concurrent growth in all avenues. The investment scenario is not however impressive, if industrial sector is only considered. Neither the policies nor the political imbroglio alone is to the blamed for this. The annual FDI which is not necessarily the only yardstick of investment is a supplement to local investment. It is often a mode of international trade exploitation in disguise. The long talked FDI into an economy is hardly less than 2 billion dollars. The size of our economy’s GDP is 90 billion USD. On this, only less than USD 2 billion is close to immaterial if not very insignificant. Indeed this FDI quantum has been a blessing on our economy in the sense that the global economic upheavals could not really affect our economic ongoing. So dependence on our resource for
