Posted 3/11/2024, 6:00:00 PM
Private Sector Foreign Debt Repayments Outpace New Loans in Bangladesh As Global Rates Rise
- Private sector short-term foreign debt repayment exceeded new loans in 2023, reversing previous trends
- In 2023, private sector took $25.8B in new loans but repaid $31.14B
- In January 2023, new loans were $1.76B while repayments were $2.19B
- Factors include rising global interest rates and concerns over Bangladesh's banking system
- Declining private sector foreign loans add strain as dollar inflows shrink
