Foreign loans exceeded $4 billion in the first 8 months of the fiscal year 2024-25 (July-February) Foreign loans equivalent to a total of USD 413 crore have been paid during this period and the loan interest has to be paid off. About 264 million dollars.
The picture has been revealed in the July-February foreign loan situation, which was released on Monday (March 14) at noon, but the first few months of the financial year, the payments were higher than the foreign loans.
In the last 8 months, foreign loans have come the most from the Asian Development Bank (ADB), during which the company has given about $1130 million, in addition to the World Bank, the World Bank has given $960 million and Japan has given $730 million.
According to the ERD report, due to relatively high foreign loan concessions in December, January and February The situation of foreign loans has improved.
On the other hand, the government has to pay for foreign loans in 8 months 264 million dollars. In the meantime, the actual payments have been made 169 million dollars and 95 million dollars for interest, and 203 million dollars in the first 8 months of the 2023-24 fiscal year, 203 million dollars in the same period. Bangladesh government.
Meanwhile, there is not much promise from foreign organizations and countries as project support in the annual development program (ADP) and development partners have promised $2350 million during the July-February period. Last year, the promise of $720 million was received, with the promises to one-third, countries like China, India and Russia have not made any promises in the current fiscal year.
Over the years, foreign debt payments have increased tremendously.
According to ERD sources, Bangladesh had to pay 336 million dollars for the payment of foreign debt in the last financial year, and the payment of foreign debt has tripled in the last year.
