foreign loans
Interest payment for foreign loan jumped 162% in Jul-Mar of FY24
Interest payments against foreign loans shot up 162 percent year-on-year in the first nine months of the last fiscal year as debt servicing of loans taken for some mega projects has started.
Foreign loan repayment surges 44% in Jul-Apr
In July-April of 2023-24, the government paid $2.81 billion as principal and interests, which was $1.95 billion in the same period of the previous year, according to the data released yesterday by the Economic Relations Division (ERD).
Interest payment for foreign loan jumped 162% in Jul-Mar of FY24
Interest payments against foreign loans shot up 162 percent year-on-year in the first nine months of the last fiscal year as debt servicing of loans taken for some mega projects has started.
Foreign loan repayment surges 44% in Jul-Apr
In July-April of 2023-24, the government paid $2.81 billion as principal and interests, which was $1.95 billion in the same period of the previous year, according to the data released yesterday by the Economic Relations Division (ERD).