Bangladesh Gets $750M, Repays $670M in Foreign Loans

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Bangladesh Gets $750M, Repays $670M in Foreign Loans

In the first two months (July–August) of the current fiscal year, Bangladesh received $750 million in foreign loans from development partners and countries. During the same period, the country had to repay approximately $670 million in principal and interest on previously taken loans.

This information was disclosed in an updated report published on Sunday by the Economic Relations Division (ERD), covering the foreign loan situation for July and August. According to ERD data, loan repayments have increased, along with both loan disbursements and commitments.

Sources from ERD said that a total of $750.6 million came in during July and August—all of it in the form of loans. During the same period last year, the amount received was approximately $460 million.

Foreign loan repayments have been rising steadily over the past few years. In July–August of the current fiscal year, Bangladesh repaid a total of $667.1 million, of which $488.7 million was principal and over $178.3 million was in interest payments. In comparison, the government paid about $590 million in the same period last year for foreign loan repayments.

In local currency terms, loan repayment increased by 1,000 crore BDT (approximately $91 million) in July–August. A total of 8,131 crore BDT was repaid, compared to 6,965 crore BDT in July–August of the previous year.

During the same period, only $240 million in new foreign loan commitments were received, slightly up from $200 million during the same period last year. brief, headline, or for a report summary.

 

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