ActionAid says

Although Bangladesh’s foreign debt slightly increased in the first quarter of the current fiscal year 2024-25, the debt of private sector and public sector corporations decreased due to a lack of confidence in the banking sector and payment delays.

Unused foreign loans keep piling up as the government is not properly implementing these funds for available projects

The private sector’s foreign debt decreased by 4.3 per cent, or more than $1 billion, in the second quarter of the current fiscal year following Bangladesh Bank’s strict measures to control imports.