Dhaka, Dec. 24 -- Bangladesh's external debt fell by $1.45 billion during the July-September quarter, Bangladesh Bank data released on Thursday shows.The country's total outstanding external debt stood at $112.12 billion at the end of September, down from $113.57 billion at the end of June. The fall reflects reduced borrowing by both the public and private sectors.
Government sector external debt decreased to $92.54 billion at the end of September from $93.74 billion in the previous quarter, while private sector external debt fell to $19.58 billion from $19.83 billion over the same period.
Former World Bank lead economist Zahid Hussain said the decline is likely linked to a reduction in buyers' credit. "As imports have fallen, buyers' cre...