Dhaka, June 24 -- A big chunk of foreign loans is being used to repay the ones that were previously taken, says Education Advisor Chowdhury Rafiqul Abrar.

"For years, we have been going through a situation similar to that of Sisyphus, where the amount of loans we receive, we need to spend the same amount or more than that to repay the previous loans. However, we're trying to take initiatives that will be highly effective," the interim government's advisor said.

Even as the government is stuck in this vicious circle, they are trying to take such initiatives on education and other priority sectors, he said.

He made the remarks at a seminar titled "2024-25 Budget: Education and Employment" organised at Dhaka University's Mozaffar Ahmad Au...