Dhaka, Jan. 25 -- Planning Adviser Dr Wahiduddin Mahmud on Sunday said the government is moving away from financing large-scale development projects through foreign loans and stressed the need for avoiding a 'debt trap'.

"We do not want to take loans for big projects unnecessarily. Institutions like the World Bank often come with many project proposals. If some are genuinely high priority, we may consider them. But these issues are now being discussed and assessed very carefully," he told reporters after an ECNEC meeting.

The adviser said the government will accept loan-funded projects only if they are of critical national priority and cannot be financed or implemented with domestic resources or expertise.

Poor project planning, inflat...