Bangladesh has lost around $14 billion a year on average to capital flight during the Awami League’s 15-year tenure, according to the draft report of the committee preparing a white paper on the economy.
Immediate past state minister for planning Shamsul Alam says
Capital flight, a growing concern for Bangladesh over the past few decades, refers to the outflow of financial assets from a country. While usual outflow may also be foreign direct investment, the problem arises when the fund transferred from a country does not have proper documentation of source and there is no intend of repatriation of the fund. This leads to loss of government revenue and depletion of foreign currency reserves.
Why isn’t the govt doing more to stop property purchases abroad through illegal means?
The rise in fuel prices is an illogical decision that will only harm ordinary citizens and fail to deal with the root causes of the crisis that Bangladesh is currently facing.
According to the report titled “Illegal Financial Flows from Developing Countries: 2004-2013” published by Global Financial Integrity...
Bangladesh has lost around $14 billion a year on average to capital flight during the Awami League’s 15-year tenure, according to the draft report of the committee preparing a white paper on the economy.
Immediate past state minister for planning Shamsul Alam says
Capital flight, a growing concern for Bangladesh over the past few decades, refers to the outflow of financial assets from a country. While usual outflow may also be foreign direct investment, the problem arises when the fund transferred from a country does not have proper documentation of source and there is no intend of repatriation of the fund. This leads to loss of government revenue and depletion of foreign currency reserves.
Why isn’t the govt doing more to stop property purchases abroad through illegal means?
The rise in fuel prices is an illogical decision that will only harm ordinary citizens and fail to deal with the root causes of the crisis that Bangladesh is currently facing.
According to the report titled “Illegal Financial Flows from Developing Countries: 2004-2013” published by Global Financial Integrity...
