Bangladesh is expected to return the money borrowed by Sri Lanka by September this year as the countrys economic circumstance is enhancing, according to Dhakas foreign minister.
Sri Lanka is slowly doing much better.
They are recuperating slowly.
We have actually provided time till September (to repay the loan), Foreign Minister AK Abdul Momen informed reporters at state guesthouse Padma on Sunday afternoon, hoping for payment by Sri Lanka within the timeframe.The Bangladeshi foreign minister, who returned house Sunday from Sri Lanka, said the brand-new government in Sri Lanka is running the nation pretty well .
The Sri Lankan government hopes that they will recover from the problem and the International Monetary Fund (IMF) is coming up for assistance, Momen said.Sri Lankan President Ranil Wickremesinghe has actually communicated Sri Lankas thankfulness to the Bangladesh government and Prime Minister Sheikh Hasina for the prompt help as the country fights to rebuild its economy.
I must state they are very grateful to us, said Momen.Foreign Minister Momen checked out Sri Lanka as a visitor for the nations 75th Independence Day events, for which the guest list was filled primarily by neighbouring nations at foreign minister-level.
Sri Lanka and the International Monetary Fund (IMF) just recently reached a staff-level contract on a 48-month, $2.9 billion Extended Fund Facility which will also assist it protected short-term funds from other donors.Bangladesh Bank previously granted Sri Lanka six more months to pay back the $200 million loan after the Island nation requested to extend the payment period due to its extended economic crisis.In a friendly gesture, Bangladesh had extended the loan to cash-strapped Sri Lanka under a currency swap plan in 2021.
Source: The Business Standard-- Agencies