January 24, 2025 2:18 PM

Bangladesh grappling with skyrocketing interest payments

Bangladesh's economy is grappling with skyrocketing interest payments, which eat up more than half of government revenue expenses during the first four months of the current fiscal year 2024–25, according to data from the Ministry of Finance of Bangladesh. Economic experts said that Bangladesh's external debt is over $100 billion with higher interest rates, posing grim challenges for the country's economy, especially considering its declining revenue and foreign exchange earnings. Earlier th...