Bangladesh’s external debt increased to $103 billion at the end of June this year after falling slightly in March.
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.
Although foreign aid commitments made by global lenders to Bangladesh surged more than 600 percent in July-September of the current fiscal year, the disbursement declined.
Bangladesh’s overall external debt stock nearly hit the $100-billion mark in June driven by increasing appetite for funds from both public and private sectors, central bank figures showed. .The debt buildup, which still within the threshold recommended by the International Monetary Fund
Bangladesh’s external debt repayment obligation will double in the next three years, according to data of the Economic Relations Division (ERD).
Bangladesh’s external debt increased to $103 billion at the end of June this year after falling slightly in March.
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.
Although foreign aid commitments made by global lenders to Bangladesh surged more than 600 percent in July-September of the current fiscal year, the disbursement declined.
Bangladesh’s overall external debt stock nearly hit the $100-billion mark in June driven by increasing appetite for funds from both public and private sectors, central bank figures showed. .The debt buildup, which still within the threshold recommended by the International Monetary Fund
Bangladesh’s external debt repayment obligation will double in the next three years, according to data of the Economic Relations Division (ERD).
