In the first quarter of 2024, Bangladesh’s foreign debt saw a reduction of $1.34 billion, according to recent data from Bangladesh Bank. As of March, the country’s total public and private sector debt stood at $99.30 billion, a decline from $100.64 billion recorded in December 2023.

The private sector’s debt experienced a notable reduction, standing at $20.29 billion in March, which is 3% lower than the $20.94 billion reported in December.

Regarding short-term foreign debts, the private sector recorded $11.04 billion in March, a decrease of $750 million from $11.79 billion in December. Long-term external debt for the private sector also decreased, standing at $9.25 billion in March, down from $9.35 billion at the end of last year.

The government’s foreign debt followed a similar downward trend. As of the end of March, it stood at $79 billion, a slight reduction from $79.69 billion in December 2023.