EU ambassador praises Bangladesh's loan terms in DCAB talks, says it is most attractive compared to other countries

Speaking at an exchange of views organised by the Diplomatic Correspondents Association, Bangladesh (DCAB), the European Union (EU) Ambassador spoke about economic growth, climate change, defence and security cooperation, Rohingya problems and future challenges. Charles Whiteley praised Bangladesh for its repayment of foreign debts. He said that the average debt-to-GDP ratio in many Asian countries […]

Economist Waheeduddin Mahmud warns of economic instability and foreign debt trap in Budget 2024-25 analysis

Fundamental weaknesses have been exposed in the entire economic system. Comprehensive qualitative changes are required, otherwise it will not be possible to overcome the crisis. Wahiduddin Mahmud raised the question whether any such initiative was taken from the highest level of the government. The government is continuously taking foreign loans. Expenditure on interest has increased […]

National Budget 2024-25: Finance Minister to unveil 7.97 trillion taka plan amid economic challenges

Though the government is trying to reassure people, no one is believing it because the base has become weak. Apart from this, there is also pressure to fulfill various conditions of the International Monetary Fund (IMF). This multidimensional pressure has also affected the upcoming national budget. The growth rate which was more than 10 percent […]

Debt repayment pressure on the government: Increasing debt on the government is increasing the debt burden

Meanwhile, a large number of foreign companies are facing difficulties in sending home dividends from investments in Bangladesh and income from various services and products. Their stuck money amounts to about Tk 5 billion. Experts see these debt liabilities as a new challenge for the government. Amid these growing concerns, Finance Minister Abul Hasan Mahmud […]