Dhaka, May 30 -- Bangladesh has repaid $3.5b of external debt in the first 10 months (July-April) of the current 2024-25 fiscal year which is a higher volume compared to the previous year.
According to a report released on Thursday by the Economic Relations Division (ERD), the country repaid $3.507 billion to development partners during this period. By contrast, total repayments in the entire 2023-24 fiscal year amounted to $3.37 billion.
ERD officials noted that the burden of debt repayment is steadily rising, primarily because the grace periods for many large-scale loans - taken inearlier years for mega projects and budgetary support - have now expired.They also pointed out that elevated market-based interest rates have added to the gro...