Foreign loans in private sector declined

Staff Reporter :
The amount of foreign loans availed by the country’s private sector has declined as the foreign lenders are not extending the tenure of the previous credits amid the volatile dollar crisis.
But the government’s borrowings from the foreign sources have
increased by $1.06 billion in the first six months (July-December) period of the current fiscal year, according to the latest report of the Bangladesh Bank.
However, overall foreign loans declined by $1.43 billion in December compared to June, 2022.
Experts feared that the country’s existing dollar crisis may become more acute as the inflow of credit from foreign sources decreases.
The BB data showed that the amount of foreign loans in the country’s public and private sectors reduced to $93.79 billion in December from $95.23 billion at the end of June 2022.
Of the amount, the government has taken $69.49 billion, which was $69.28 billion in June of last year and the loans in private sector reduced by $1.64 billion to $24.31 billion in December from $25.95 billion in June.