Foreign debt servicing crossed $3 bln in 2023-24 fiscal: ERD

Bangladesh’s foreign debt repayment exceeded $3 billion for the first time in FY 2023-24, totaling $3.36 billion, with $2.01 billion in principal and $1.35 billion in interest. This marks a 25% increase from the previous year. The country received $9.86 billion in foreign loans during this period. The surge in repayments, particularly interest, comes amid an ongoing foreign exchange crisis, putting additional pressure on reserves and the budget.Source:Prothom alo