In the same period last year, the key economic index was in $1.52 billion deficit which stood at around $5 billion in the end of the last fiscal year. The surplus was $3.57 billion in the first three months of the 2020-21 fiscal year, according to data published by Bangladesh Bank on Wednesday. Growing remittance inflow and exports, and a drop in imports and fuel oil prices in the international market have caused the balance of payments surplus, analysts say. The executive director at Policy Research Institute said remittance inflow and export may drop while import costs may increase, and these factors will cause a balance of payments deficit again. Remittance inflow in the period grew 42.16 percent year on year to $8.96 billion in the period.

Source: bd News24 December 02, 2020 19:30 UTC