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Economics, 29 May, 2025 : In the first 10 months (July-April) of the 2024-25 fiscal year, Bangladesh has repaid $3.5 billion in foreign debt, surpassing the amount repaid in the same period of the previous fiscal year. According to the updated report by the Economic Relations Division (ERD), Bangladesh repaid $2.81 billion during the same period in the 2023-24 fiscal year, marking a 24.73% increase in debt repayment this year.
The report highlights that the repayment of the principal amount increased by 32.86%, with over $2.021 billion repaid in the current fiscal year, compared to $1.66 billion in the previous year. Additionally, interest payments rose by 12.95%, with $1.29 billion paid in interest this fiscal year, compared to $1.148 billion in the same period last year.
ERD officials noted that the repayment pressure has intensified due to the expiration of grace periods for loans taken for mega projects and budget support, coupled with higher market-based interest rates. Economists point out that the stringent conditions of large loans taken in the past, along with the end of grace periods, have contributed to the increased repayment burden.
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