Foreign currency commitments have increased but concessions have decreased

Staff Correspondent

Dhaka: Foreign exchange commitments are increasing but disbursements are decreasing; Along with this, the loan repayment amount has also increased. Development partners have released $162.61 million up to October of the current fiscal year, compared to $197.6 million in the same period of the previous fiscal year. As a result, in the current fiscal year, the financial deduction has decreased by 34 million 99 million dollars in four months.

These data were highlighted in the Economic Relations Department (ERD) report on Tuesday (November 21).

On the other hand, in the four months of the current financial year, commitments from development partners have come in at $462.85 million. Of this, loans are 338 million 53 million dollars and grants are 24 million 32 million dollars. The commitment during the same period of the last financial year was 41.38 million dollars. Of this, loans were 300 crores and grants were 113.6 million dollars.

However, in the last four months, the loans of development partners have been paid 1101.5 million dollars, which was 72.42 million rupees in the same period of the last financial year. As a result, debt repayment increased by 37 million 73 million dollars. However, the amount of commitment has increased.

According to the report, the amount of money that has been released till last October is 1.56 billion 8 million dollars in loans and 6 million 53 million dollars in grants. At this time last fiscal year, loan waivers were $187.78 million and grants were $92.8 million.

In terms of debt repayment, it can be seen that the debt that has been paid up to October of the current financial year is $467.4 million in interest and $634.4 million in principal. During the same period of the last financial year, interest payments were $18.77 million and principal payments were $536.5 million.

Sarabangla/JJ/PTM