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The Financial Express

Sri Lanka likely to pay back $200m loan by September, says FM

| Updated: February 05, 2023 19:23:03


Sri Lanka likely to pay back $200m loan by September, says FM

Bangladesh is expected to get back the money borrowed by Sri Lanka from September this year as the country's economic situation is improving.

"Sri Lanka is gradually doing better. They are recovering slowly," Foreign Minister Dr AK Abdul Momen told reporters at the state guesthouse Padma on Sunday.

Bangladesh Bank earlier granted Sri Lanka six more months to repay the $200 million loan after the Island nation requested to extend the repayment period due to its prolonged economic crisis, reports bdnews24.com.

In a friendly gesture, Bangladesh extended the loan to cash-strapped Sri Lanka under a currency swap arrangement in 2021.

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