Metropolis Desk-
Between July and April of the current fiscal year, Bangladesh’s imports fell 14.40 percent year over year to $58.78 billion, which may have been good news for the country’s unstable foreign exchange system but was also potentially bad news for the economy.
Food grain imports were down 4.5 percent, raw materials were down, and intermediate products imports were down 17.7 percent. While imports of consumer goods decreased by 1.9 percent, imports of capital goods increased to $11.28 billion.
The lack of US dollars, not regulatory limitations, according to Ahsan H Mansur, is to blame for the decline in imports.
The government’s plan to increase the investment-to-GDP ratio by 4 percentage points in the upcoming fiscal year is negatively impacted by the decline in capital machinery imports.
Data from the central bank revealed a deficit in Bangladesh’s financial account, which is a part of the country’s balance of payments (BoP).
