May 18, 2024
Loans

How Bangladesh is getting sucked into China’s debt trap diplomacy – Firstpost

(File) Bangladesh’s Prime Minister Sheikh Hasina, left, shakes hands with Chinese President Xi Jinping as she arrives for a meeting at the Diaoyutai State Guesthouse in Beijing, on 5 July, 2019. AP According to reports in the Bangladesh media, the Prime Minister’s Office has approved seeking over 36 billion yuan, approximately $5 billion, as a

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Loans

Default loans see steep surge in 2023 amid business slowdown

Default loans surge by Tk25,000cr, standing at Tk1.45 lakh crore in December, accounting for 9% of the total loans   The country’s banking sector experienced a steep rise in default loans by Tk25,000 crore in 2023 amid election-centric political uncertainties and a severe dollar shortage that slowed down business activities, making many borrowers unable to

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