Bangladesh's private-sector foreign borrowings on fall
Dhaka, March 11 -- Bangladesh's private-sector foreign borrowings seem squeezing, with short-term debt stock having dropped to US$11.25 billion until last January, prompting economists to predict further adverse impact on economic activity.
Latest analyses of the state of financing exposes two cardinal factors: corporates postponing business-expansion plans and creditors getting hesitant in extending funds in view of the country's forex-reserves position.
Official data showed, on a year-on-year basis, the outstanding balance of dollar-denominated debts decreased by $4.58 billion as the amount was $15.83 billion in January 2023.
The short-term overseas debt slides as businesses postpone their market-expansion plans amid hovering uncerta...
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