Bangladesh’s foreign debt has experienced a significant increase in recent years, driven by both the public and private sectors. According to the United Nations Trade and Development Organization (UNCTAD) database, Bangladesh’s external debt stands at $62 billion, with a per capita foreign debt of $375. While the country’s per capita debt is higher than that of India and Nepal, it remains lower than Sri Lanka and Pakistan. The analysis further reveals that 53.4% of foreign loans were obtained from multinational organizations, 38% from bilateral sources, and 8.6% from private foreign banks. Additionally, Bangladesh’s internal debt amounts to $180 billion, with a per capita internal debt of $1,000. Despite these increasing debt figures, Bangladesh’s foreign debt constitutes 15% of its GDP, and the country’s government debt interest payable is 1.8% of GDP or 20.3% of government revenue. Comparatively, advanced countries such as the USA, UK, Japan, Germany, and South Korea do not have any foreign debt.
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