Short-term private foreign debt rising sharply

Short-term private commercial borrowing from the external sources has been rising at a faster rate for the last five years.

Such borrowing stood at Tk 1.87 billion in 2013, which was 46.71 per cent of the total borrowing, according to central bank statistics.

As for long-term borrowing, the data showed, it reached Tk 2.13 billion, which was 53.29 per cent of the total borrowing.

Four years later in 2017, short-term borrowing increased by almost eight times and stood at Tk 8.45 billion.  The ratio also rose to 74.50 per cent of the total borrowing worth Tk 11.34 billion.

At the same time, long-term private borrowing declined to Tk 2.89 billion and the ratio steeply came down to 25.50 per cent.