Bangladesh’s interest payments on external borrowing are projected to soar by 65 percent within three years due to rising global interest rates and an expanded foreign loan portfolio, which will put further pressure on the dwindling foreign currency reserves.
The mounting debt servicing obligations also threaten to exacerbate the strain on the country’s low foreign exchange reserves.
Bangladesh’s interest payments on external borrowing are projected to soar by 65 percent within three years due to rising global interest rates and an expanded foreign loan portfolio, which will put further pressure on the dwindling foreign currency reserves.
The mounting debt servicing obligations also threaten to exacerbate the strain on the country’s low foreign exchange reserves.
