Delays and lack of quality control are a major concern when it comes to development projects.
The amount of foreign loans availed by the private sector in Bangladesh has been swelling fast since 2020, creating a major headache for the country’s economy at a time when its foreign exchange reserves are plummeting.
Bangladesh gravitated towards external borrowing to finance its budget deficit in fiscal 2021-22, leveraging the country’s capacity to absorb more of the relatively economical foreign loans.
Delays and lack of quality control are a major concern when it comes to development projects.
The amount of foreign loans availed by the private sector in Bangladesh has been swelling fast since 2020, creating a major headache for the country’s economy at a time when its foreign exchange reserves are plummeting.
Bangladesh gravitated towards external borrowing to finance its budget deficit in fiscal 2021-22, leveraging the country’s capacity to absorb more of the relatively economical foreign loans.