Frontier markets

Climate risk belies booming Bangladeshi economy

Bangladesh is one of Asia’s fastest-growing economies but the growth rate is not matched by the level of foreign investment. Natural disaster remains a major drawback.

Bangladesh was Asia’s fastest-growing economy last year but remains one of the region's least preferred investment destinations.

Despite record-breaking growth of 7.86% in 2018 and its booming textiles sector, the South Asian nation attracts less foreign direct investment than Cambodia and even Myanmar. 

Among the obstacles cited by economists are the country's underdeveloped capital markets, its risky and unstable banking sector, its burdensome bureaucracy and high levels of corruption, and also political and regulatory uncertainties.

But there's one element often overlooked climate risk.

The World Bank in 2015 named Bangladesh one of the countries most vulnerable to climate change...

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