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Bangladesh bagged USD 6.61B in loans and USD 180.81M in grants

by Analysis Team
April 24, 2022
in Development, NGO & Development
0
Bangladesh bagged USD 6.61B in loans and USD 180.81M in grants

Dhaka got USD 6.61 billion in loans and USD 180.81 million in grants in the current fiscal so far, said a senior ERD official.

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The external development financiers ensured to have USD 5.43 billion in the July-March period of FY’22, up USD 1.42 billion from the corresponding period in FY’21.

Of the commitment, they confirmed USD 5.26 billion in loans and $166.37 million in grants. Bangladesh’s debt servicing curtailed during the July-March period as the country paid USD 1.59 billion. Out of the repayment amount, USD 1.18 billion was spent as principal amount and USD 411.65 million as interest for the outstanding loans.

Source:

The Financial Express

Analysis Team
Author: Analysis Team

Tags: DevelopmentLoan and grants
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