Bangladesh receives record $1.98bn foreign loans in June amid pandemic
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Dhaka, Aug. 20 -- The previous highest total foreign loans in a month for Bangladesh was $1.43 billion in June 2018.
In the fiscal year that ended on June 30, the country received a total of $7.27 billion in foreign loans, a record for a financial year with 17.2 percent year-on-year growth.
And more than half of the amount, or $3.76 billion, came in the last four months of the fiscal year after the government detected the first coronavirus cases in the country.
"Besides implementing the stimulus package domestically to offset the impact of the COVID-19 pandemic, the government applied for loan assistance by depicting the correct picture of our economy. The donors responded well after we called for help," Finance Minister AHM Mustafa Ka...
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