Dhaka, March 17 -- Bangladesh government faces double whammy as debt duo surged significantly since 2016.
Bangladesh has witnessed a significant rise in both its external and internal debts, with foreign borrowings doubling over the past eight years and domestic debt nearly doubling in the last five years.
According to recent Bangladesh Bank data, the country's external debt stock surged to $97.01 billion by the end of September last year, up from $41.17 billion in the fiscal year 2016.
This escalation reflects a growing dependency on foreign loans for funding development projects, with foreign loans experiencing a sharp increase of 48.63 percent from $65.27 billion in June 2020 to $97.01 billion within three years.
The rapid increase i...