Wednesday, 15 January, 2025
Bangladesh's foreign debt has surpassed $104 billion, with government and public sector loans accounting for $84.45 billion.
The private sector has borrowed an additional $19.91 billion, bringing the total foreign debt to $104.36 billion.
The Bangladesh Bank disclosed this information in a report published on Tuesday, detailing the country's foreign debt status as of the September quarter of 2024.
According to the report, 81 percent of the total foreign loans were received by the government sector, while the private sector accounted for the rest.
Of the total debt, $91.72 billion, or 88.19 percent, is long-term, while short-term loans in the private sector amount to $12.62 billion.
At the end of the June quarter, the foreign debt stood at $103.40 billion, indicating an increase of over $960 million within three months.
"In the past decade, substantial foreign loans have been secured for major infrastructure projects in the country. A significant portion of this debt has been allocated to the power sector, including the construction of the Rooppur Nuclear Power Plant," said a senior official from the central bank.
He also mentioned that foreign loans have been utilized for other key projects, such as the Rampal Power Plant, Matarbari Power Plant, and others.
Comments
Bangladesh's foreign debt has surpassed $104 billion, with government and public sector loans accounting for $84.45 billion.
The private sector has borrowed an additional $19.91 billion, bringing the total foreign debt to $104.36 billion.
The Bangladesh Bank disclosed this information in a report published on Tuesday, detailing the country's foreign debt status as of the September quarter of 2024.
According to the report, 81 percent of the total foreign loans were received by the government sector, while the private sector accounted for the rest.
Of the total debt, $91.72 billion, or 88.19 percent, is long-term, while short-term loans in the private sector amount to $12.62 billion.
At the end of the June quarter, the foreign debt stood at $103.40 billion, indicating an increase of over $960 million within three months.
"In the past decade, substantial foreign loans have been secured for major infrastructure projects in the country. A significant portion of this debt has been allocated to the power sector, including the construction of the Rooppur Nuclear Power Plant," said a senior official from the central bank.
He also mentioned that foreign loans have been utilized for other key projects, such as the Rampal Power Plant, Matarbari Power Plant, and others.
Comments
