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Bangladesh's foreign loan servicing burden will peak in fiscal 2029-30 with repayment of $5.15 billion, which experts deem to be very much within the safe territory -- quelling fears that the country might become the next emerging economy after Sri Lanka and Pakistan to run into external debt distress.
Despite the economic crises and the remaining effects of the pandemic and the war in Ukraine that have the dollar skyrocketing, Latin America remains the favorite destination for many travelers this summer
The repayment of foreign loans in the power sector may worsen the country's debt-servicing burden as the government will have to pay the lenders Tk 197,677.27 crore in the 30 years from 2024-25 fiscal.
Currency devaluation and external debt are wreaking havoc on the economy of Latin American countries, a region that lives in constant trouble
Sri Lanka of 81-billion-dollar economy and 22 million people is going through its worst economic crisis in decades and the political fallout is already being felt in the corridors of power since the country gained independence in 1948. The country was left by President Gotabaya Rajapaksa only a few days after thousands of protestors stormed his home and office, and with his resignation it is an end of two decades of rule by the Rajapaksa family. The situation only got worse thereafter, as the country saw commercial borrowings — which constituted a mere 2.5% of foreign debt in 200...