Govt鈥檚 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)...
Tags : foreign debt
Govt faces challenges not to default on foreign debts
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).
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...
$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 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鈥檚 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...
Foreign debt repayment surpasses disbursement聽
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...
Sri Lanka approves $14.7 billion foreign debt deal
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...
Bangladesh's foreign debts soar by $80b in 15yrs
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...
Bangladesh's debt payment grows threefold in 3 years 聽聽聽
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.
Financial account deficit surges to $9.26 billion
The country鈥檚 financial account deficit surged to $9,258 million in July-March, the first nine months of the current financial year 2023鈥�24, against a deficit of $2,928 million in the same period of FY23...