Belt and Road Initiative & Bangladesh

CENTRE FOR 7.1 Inward foreign investment • In FY 2019, Bangladesh witnessed a record high net foreign direct investment (FDI) inflow of USD 3232.89 million between the months of July-March (Bangladesh Bank, 2019). This surge in FDI was largely driven by Chinese investment. During the period January-March 2019, Chinese net FDI inflow amounted to USD 396.99 million, which was 38.34 per cent of total net FDI inflow into Bangladesh during that period (Bangladesh Bank, 2019). • In April 2018, Alipay, a concern of China's e-commerce and tech giant Alibaba Group, bought 20 percent stakes in bKash, Bangladesh's largest mobile financial service provider. POLICY DIALOGUE Belt and Road Initiative & Bangladesh 333

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