Bangladesh Likely to Get Back the Money Borrowed by Sri Lanka: 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, reports UNB.

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

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.

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