Bangladesh received a record USD $8.41 billion in foreign loans in 11 months of current FY2021-22, the Economic Relations Division said on Thursday, reports UNB.
The ERD officials estimate that the foreign debt will exceed 9 billion by the end of the fiscal year on 30 June, 2022.
After the economic crisis in Sri Lanka, there is a lot of talk about Bangladesh’s foreign debt.
In case of Sri Lanka, it is close to 50 per cent.
Economist and researcher Ahsan H. Mansur said, “The leap has been made by receiving more loans than expected from various donor countries and organizations, including the World Bank and the ADB, to offset the effects of the two-year epidemic.”
Before that, in the fiscal year 2019-20, Bangladesh received $7.38 billion foreign loan that was the history of the country till FY 21.
Foreign debt has been increasing in Bangladesh since the fiscal year 2017-18. In the same year, it jumped to $6.37 billion. Then in the fiscal year 2018-19 it stood at Tk 6.54 billion.
