Sri Lanka repays $100m in second instalment of loan taken from Bangladesh

Share this:


News Desk

Sri Lanka has paid another $100 million in the second instalment out of $200 million loan given by Bangladesh in a currency swap, a Bangladesh Bank spokesperson said on Friday.

Last month, Colombo paid $50 million in the first instalment of the loan repayment.

Bangladesh lent $200 million from its foreign exchange reserves to Sri Lanka during its economic crisis.

The remaining $50 million is due to be repaid within the current year, said Bangladesh Bank Executive Director and Spokesperson Mesbaul Haque.

Bangladesh extended the dept repayment time to let Sri Lanka time to revive its economy.

Share this:

Leave a Reply

Your email address will not be published. Required fields are marked *