30 June 2024

Repayment of foreign debts tops $3bn in 11 months

By Redoy K

Bangladesh’s foreign debt repayments have surpassed $3 billion in the first 11 months of FY24, a 25% increase from the previous year. This rise in repayments, amid a dollar crisis, is creating pressure on the budget and foreign reserves. Experts warn of mounting pressure in coming years due to short-term loans from China and Russia, and repayments for major projects like the Rooppur Nuclear Power Plant. Prothom Alo