Bangladesh, Jan. 22 -- Foreign debt is the main source of development activities, including the implementation of mega projects, in the country.
As the foreign debt continues to rise, the pressure on the next government to repay it will increase. The country's total foreign debt reached $113.20 billion at the end of the 2024-25 fiscal year, almost six times higher in last 15 years. Currently, the per capita foreign debt is $655.
Indiscriminate mega projects, irregularities, and corruption have played a greater role than productive and economically profitable projects behind this debt increase.The bulk of this loan was taken under various mega projects during the ousted Awami League regime.
Although a huge amount of foreign loans were tak...