Bangladesh

Bangladesh is seeking over USD 1.5 bln in budget support from development partners to alleviate pressure on its FX reserves amid rising external loan repayments due to interest rate hikes. Requests include USD 300 mln from the ADB, USD 400 mln from the AIIB, USD 325.51 mln from the AFD and an additional USD 500 mln from the World Bank. This move comes as foreign debt servicing in Bangladesh surged 43% in the first eight months of the current fiscal year.