The cost of debt servicing has risen significantly amid a higher flow of loans from development partners and an elevated level of interest payments, compounding pressure on the foreign currency reserve of Bangladesh, official figures showed.
Because of the importance given to debt-funded infrastructure-based development, the country’s economy is being burdened by increasing unsustainable foreign debt and import dependence.
Debt servicing has become a rising concern for developing countries in recent times.
The cost of debt servicing has risen significantly amid a higher flow of loans from development partners and an elevated level of interest payments, compounding pressure on the foreign currency reserve of Bangladesh, official figures showed.
Because of the importance given to debt-funded infrastructure-based development, the country’s economy is being burdened by increasing unsustainable foreign debt and import dependence.
Debt servicing has become a rising concern for developing countries in recent times.
