Zohra Alam

The central bank issued guidelines allowing local enterprises to invest in other countries Wednesday, marked an important step toward capital liberalisation that will enhance Bangladesh's export potential and create jobs for Bangladeshis overseas. Now Bangladesh Bank has allowed them to spend $ 59.9 million in foreign markets. Companies can now invest in foreign markets with up to 20% of their average exports over the last five years or 25% of their net asset value.Before, the BB will take into consideration whether the potential foreign investments will give a boost to the country’s exports.