Australian Mercantile Collections

Record $3b foreign debt repaid in 11 months

Record $3b foreign debt repaid in 11 months

Economic Relations Department (ERD) data show that Bangladesh has repaid a total of $3.068 billion to its development partners during the first 11 months of the current fiscal year – the highest ever for the country, which is set to graduate from least developed country status in 2026.

Bangladesh’s annual foreign debt servicing – both principal and interest – have exceeded $3 billion for the first time, driven by the initiation of principal repayments for several mega…

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