Bangladesh’s foreign debt more than triples in 10 years

[Species]

You don’t pay national debt with FDI, genius

You pay it with your dollar income

^Dumbass thinks FDI comes in Taka! Lol

 

[Destranator]

You don’t pay national debt with FDI, genius

You pay it with your dollar income - which comes from remittance, exports and repatriation of profits made abroad.

You're mixing up national debt with external debt. National debt includes local borrowings.

 

[hydrabadi_arab]

BD has $26 billion worth of FE reserve. Do you think it is enough?

BD had over $40b foreign reserves last year if I'm not wrong. So they are going down quite rapidly despite huge increase in foreign debt. In short term BD doesn't face issue of paying foreign debt but trade deficit which is also paid in $.

BD govt is artificially keeping exchange rate which will reduce remittances as people will send less or through other means.

 

[Ssan]

This doesn’t seem concerning tbh. Foreign debt as percent of GDP is stable. And most of the debt is long term so servicing costs are small.

For Pakistan total foreign debt is the same about but all of it short term, so we owe 73 bn$ in next three years vs 7-8 bn$ than Bangladesh owes which is about three months of your remittances.

I don’t think this is very concerning. Although I am against riba ideologicallly. But that is separate conversation.

 

[mb444]

Overall debt has increased so has the GDP and exports as has the imports.

The point is GDP to debt ratio remains stable. It is a concern the amount of Public sector debt to international institutions.

But overall things are not so concerning as some of the histrionics suggests. It is possible BD sovereign rating may take a hit in the short term as the effect of the pandemic and global recession is not something BD can avoid.

 

[BananaRepublicUK]

Now, Boltu Mia, tell us how your Hasina Bibi will pay the $2.75 billion of loans and interest this fiscal. Note also that another BAL Boltu minister is talking of importing $2,5 billion worth of foodstuff from India.

Hasina Bibi should fund these payments from the money she has stolen. It is about $20 billion that she looted.

With about three months worth of remittance?

For her to loot 20 billion dollars - BD dollar earnings needed to be at leat 200 billion.

But according to you all the export numbers are lies

When you talk through your backside - contradictions become hilarious.

Dhakaya education at it most laughable

Strange India's forex reserve is increasing while BD's decreasing that's when BD has better economic growth and low cost labour pool.

Because you are buying cheap oil from Iran and Russia?

Ukraine war has been a boon for India and China!

Which BD cannot do!!!