A joint technical assistance mission of the International Monetary Fund and World Bank recommended establishing聽a unified Debt Management Office in Bangladesh to strengthen the country鈥檚 public debt management framework and reduce fiscal and operational risks...
THE government鈥檚 plan to set up a separate debt management office to attend to challenges of institutional disintegration, primarily dealing with internal debts and running to a fully-fledged division in the long run could be a good step if the office were run efficiently and were not turned into a 鈥榬ehabilitation centre鈥� for serving and retired public servants. Economists say...
The finance ministry has planned to establish a debt management office to address the challenges of institutional disintegration that has hampered the government loan management, said its officials...
Bangladesh鈥檚 foreign debt servicing increased by 16 per cent in July, first month of the fiscal year 2025-26, with repayments far outpacing fresh loan inflows, raising concerns about mounting vulnerabilities in the country鈥檚 external financing.
Moody鈥檚 has raised Turkey鈥檚 long-term debt rating one notch, from B1 to Ba3, with a stable outlook, though it remains in speculative territory, the rating agency said...
Since the return of Donald Trump to the White House uncertainty about US financial policy has caused concern as US debt continues to rise...
Finance adviser Salehuddin Ahmed has cautioned against approving unnecessary large-scale projects that could undermine debt sustainability...
The government has planned to amend the sovereign guarantee guideline to strengthen the debt repayment capacity of state-owned enterprises against the backdrop of growing contingent liabilities, said Finance Division officials...
The government repaid $3.2 billion to creditors to service foreign debts in the first nine months of the current financial year (2024-25)...
The country鈥檚 external debts fell by $736 million at the end of December 2024 due largely to the clearing of overdue payments and the interim government鈥檚 restrained approach to new overseas borrowing.
IN THE past two decades, the external debt of developing countries has quadrupled to $11.4 trillion (2023)...
The government is facing multiple challenges to maintain the country鈥檚 non-defaulting status in the current financial year after it had to struggle to pay $6.07 billion in overseas debts in the past financial year (2023-24).
National Board of Revenue chairman Md Abdur Rahman Khan on Tuesday said that the payment of instalments of the domestic and foreign debts and interest on these loans had become a heavy burden to the country...
The City Bank鈥檚 board of directors has approved the issuance of a subordinated debt bond worth Tk 800 crore to meet capital requirements under the Basel-III framework to support the bank鈥檚 continuous business growth...
The country鈥檚 overall external debts remained over $100 billion at the end of the first quarter of the 2024-25 financial year despite the credit growth rate falling to almost one per cent, and the concerns over payment obligation loom large.
The Bangladesh Bank has repaid $3.3 billion or nearly 90 per cent of the foreign overdue payments after the political change on August 5, 2024...
COUNTRIES across the global south are experiencing climate, poverty and development crises 鈥� all made worse by the unbearable costs of debt servicing. Indeed, according to Development Finance International, 鈥楥itizens of the Global South now face the worst debt crisis since global records began.鈥� Low-income countries, which have seen the amount...
Sri Lanka on Tuesday completed its long-delayed foreign debt restructure after the island nation defaulted on its $46 billion external debt in a dramatic 2022 economic crash, a minister told parliament...
The megaprojects implemented mostly with foreign loans by the now ousted Awami League regime have left the nation with concerns over the debt trap amid the questionable expected returns...
The European Central Bank warned Wednesday that sovereign debt risks are growing in the eurozone at a time of heightened political uncertainty and muted economic performance...
Credit ratings agency Fitch upgraded Argentina鈥檚 sovereign debt rating to 鈥楥CC鈥� from 鈥楥C鈥� on Friday, citing improved ability to meet upcoming foreign debt payments and successful economic reforms under President Javier Milei...
The president of cash-strapped Maldives will take a 50-percent pay cut as part of an austerity drive that will see public sector salaries reduced to prevent a debt crisis in the tourist hotspot, his office said Thursday.
The existing challenges of foreign debt repayment have become more complicated in the first quarter of already eventful FY25 despite the higher flow of remittance and...
Global public debt is expected to reach a record $100 trillion this year, the IMF said Tuesday, warning that the fiscal outlook for many countries may be even 鈥榳orse than expected.鈥�
Sri Lanka鈥檚 new government has approved a controversial restructure of $14.7 billion in foreign commercial credit tentatively agreed by its predecessor, the finance ministry said Saturday...
ADAPTATION finance stands at the heart of one of the gravest challenges confronting the global community 鈥� how to shield vulnerable nations from the worsening impacts of climate change. Yet, the current global financial framework remains inadequate, perpetuating a cycle of debt and dependence for countries already grappling with severe...
Bangladesh鈥檚 external debts skyrocketed to a staggering $103.78 billion by June 2024, a colossal leap from just $23.5 billion in 2009 when the Awami League-led government came to power...
The interest payment for external debt increased by 162 per cent to Tk 11,602 crore during July鈥揗arch of FY24 over same period in FY23, prompting the interim government of Bangladesh to go for debt restructuring with overseas lenders...
BANGLADESH has become increasingly indebted since 2009. The country鈥檚 external debt stock increased from $23.3 billion in 2008 to $100.6 billion in December 2023 thanks to the country鈥檚 mega-projects-led so-called development with borrowed money under the now-deposed authoritarian regime of Sheikh Hasina...
