Bangladesh鈥檚 debt payment in the first nine months of the current FY24 stood at $2.5 billion, recording a surge of 48.6 per cent over the same period of FY 23.
Of the payment in the first nine month of the current FY 24, some $1.5 billion was paid pack as principal amount and the rest $1.05 billion as interest.
The overall amount was $1.7 billion between July and March of FY 23, according to monthly dent update released by Economic Relation Division on Sunday.
The quick growth in debt payment has been attributed to maturity of many short term borrowings taken for development projects on high interest rate.
The high growth in debt payment has come against the backdrop of the dollar shortage persisting since April 2022.
To overcome the shortage of dollars, the government has already borrowed $1.1 billion under a $4.7 billion programme until May 2026.
The ERD update also showed that the country borrowed $5.6 billion in the first nine months of the current FY24 from commitment of $7.2 billion.
