Sri Lanka pays another $ 100 Mn to Bangladesh; Balance $50 Mn to be paid within this year

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, reported the Dhaka Tribune.

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.