Bangladesh’s external debt drops in Q1

Bangladesh's foreign debt has decreased by US$1.34 billion in the first three months of this year.

According to the data from the Bangladesh Bank, the county's total public and private sector debt stood at $99.30 billion as of March last, reports BSS. 

The external debt for the first time climbed to $100.64 billion in December last year.

At the end of March this year, the private sector's total debt stood at $20.29 billion, 3 per cent lower than $20.94 billion in December last year.

Meanwhile, the government's foreign debt stood at $79 billion, down from $79.69 billion as of the end of 2023.

In March, the private sector's short-term foreign debts reached $11.04 billion, a decrease of $750 million from $11.79 billion in December.

However, the private sector's long-term external debt decreased to $91.53 billion in March from $92.56 billion in December.