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Govt’s foreign loan repay rises by 24pc

The government repaid $3.2 billion to creditors to service foreign debts in the first nine months of the current financial year (2024-25)...

Bangladesh foreign loans drop to $103.6b

The country’s external debts fell by $736 million at the end of December 2024 due largely to the clearing of overdue payments and the interim government’s restrained approach to new overseas borrowing.

Beyond a world of debt

IN THE past two decades, the external debt of developing countries has quadrupled to $11.4 trillion (2023)...

Govt faces challenges not to default on foreign debts

The government is facing multiple challenges to maintain the country’s 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).

Loan repayment becomes heavy burden, says NBR chair

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...

City Bank okays Tk 800cr bond

The City Bank’s 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’s continuous business growth...

Dealing with national debt

Bangladesh’s external debts rise to $104b in Q1

The country’s 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.

$3.3b in foreign debts cleared in 5 months

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...

Global south on brink of disastrous debt crisis

COUNTRIES across the global south are experiencing climate, poverty and development crises — all made worse by the unbearable costs of debt servicing. Indeed, according to Development Finance International, ‘Citizens of the Global South now face the worst debt crisis since global records began.’ Low-income countries, which have seen the amount...

Sri Lanka’s bondholders agree debt deal

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...

Debt trap fear mounts over megaprojects

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...

ECB warns of growing eurozone sovereign debt risks

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...

Fitch upgrades Argentina debt rating amid economic pain

Credit ratings agency Fitch upgraded Argentina’s sovereign debt rating to ‘CCC’ from ‘CC’ on Friday, citing improved ability to meet upcoming foreign debt payments and successful economic reforms under President Javier Milei...

Cash-strapped Maldives mulls pay cut amid debt crisis

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.

Foreign debt repayment surpasses disbursement 

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 expected to exceed $100t this year: IMF

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 ‘worse than expected.’

Sri Lanka approves $14.7 billion foreign debt deal

Sri Lanka’s 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 is key to climate justice

ADAPTATION finance stands at the heart of one of the gravest challenges confronting the global community — 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's foreign debts soar by $80b in 15yrs

Bangladesh’s 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...

High growth in interest payment prompts Bangladesh govt to go for debt restructuring

The interest payment for external debt increased by 162 per cent to Tk 11,602 crore during July–March of FY24 over same period in FY23, prompting the interim government of Bangladesh to go for debt restructuring with overseas lenders...

Dealing with odious debt

BANGLADESH has become increasingly indebted since 2009. The country’s external debt stock increased from $23.3 billion in 2008 to $100.6 billion in December 2023 thanks to the country’s mega-projects-led so-called development with borrowed money under the now-deposed authoritarian regime of Sheikh Hasina...

Bangladesh's debt payment grows threefold in 3 years    

The overseas debt repayment hit more than three times higher to Tk 37,307 crore in recently concluded FY24 than the amount paid three years ago.

China posts disappointing growth as officials hold key meeting

China posted on Monday lower than expected growth in the second quarter, with all eyes on how top officials gathering for a key meeting in Beijing might seek to tackle the country’s deepening economic malaise...

Improved implementation of debt management policy a must

A persistent increase in internal and external government borrowing and the consequent pressure on loan repayment pose a threat to the economy. While economists have for long spoken of negative impacts of the growing government debt, the authorities appear to have ignored the risks and continued to borrow excessively...

Bangladesh govt identifies half a dozen risks to debt management

The new medium-term debt strategy for FY25 to FY27 of the government has identified half a dozen risks which are likely to have negative impacts on the management of...

Sri Lanka to save $5b from bilateral debt deal

Sri Lanka will save $5 billion following the restructure of its bilateral debt, much of which is owed to China, through slashed interest rates and longer repayment schedules, the president said Tuesday...

Govt debt repayment grows     

The government debt repayment to creditors in the first 11 months of the outgoing FY24 surged to $3.06 billion while the disbursement of loan from foreign sources has...

Bangladesh’s external debts $99.3 billion

Bangladesh’s external debts slightly decreased to $99.3 billion at the end of March 2024, down from $100.6 billion in December 2023, according to Bangladesh Bank data...

Financial account deficit surges to $9.26 billion

The country’s financial account deficit surged to $9,258 million in July-March, the first nine months of the current financial year 2023–24, against a deficit of $2,928 million in the same period of FY23...