Bangladesh’s foreign exchange reserves top $25 billion mark.

[TopCat]

I would like to hear some insights

I do beg to differ ... For developing countries with low technological know-how and even less capital available for investment, FDI is the only resort. It is true that FDI will mean foreign control over the local economy, just like the East India Company, but it also helps the local economy build the backbone I believe you were talking about . We can surely build our economy around that backbone afterwards ... but for now ... I believe we should concentrate upon building our backbone first

Back on the news ... I fear we might be having too much foreign reserves in a few years time. Perhaps it would be better spent on development projects, instead of lying around in foreign banks and as gold deposits.

FDI/Gross Capital Formation should not exceed 5% in ideal scenario. We dont want to be like Thailand or Vietnam. Myanmar also following Viet model.

FDI is good as long as it does not shadow the domestic investment.

 

[UKBengali]

Yup ... Agrani Bank is arranging the foreign currency for the project and has so far cleared some USD 300 mil from the central bank for import of materials from abroad. Its just a start ... i hope more projects like this get implemented

BD will be able to use the lowered oil price over the foreseeable future(reserves get higher as less money to import oil) to build many other infrastructure projects.

This lower oil price is a precious gift to help BD with improving infrastructure.

 

[KingMamba]

Gratz to my fishland friends.

 

[Arko]

Nice.....you're just in time to bankroll Greece! Greek taka sounds great!

Considering the kind of mess Greece has let itself fall into, no one can save them. They have to get back on their feet on their own

 

[Audio]

Considering the kind of mess Greece has let itself fall into, no one can save them. They have to get back on their feet on their own

Nooooooo.....

 

[Arko]

FDI/Gross Capital Formation should not exceed 5% in ideal scenario. We dont want to be like Thailand or Vietnam. Myanmar also following Viet model.

FDI is good as long as it does not shadow the domestic investment.

Good point there But have we crossed that 5% threshold yet ?

I always wonder what we could have achieved had we been able to accommodate the large scale projects for manufacturing industries. The problem of unemployment could have been eliminated by now :/