Bangladesh faces $500 million debt crisis with Adani Group
Financial Times — September 9, 2024, 08:01 AM UTC
Bangladesh's interim government faces a $500 million debt crisis with India's Adani Group over overdue payments for a contentious power project. The country owes a total of $800 million to Adani, contributing to a broader $3.7 billion in power liabilities. The new administration, led by Muhammad Yunus, is seeking loans from the World Bank to stabilize finances amid rising energy shortages and past infrastructure deals criticized for corruption.
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