Sri Lanka expects another $ 250 million loan from Bangladesh

Bangladesh is looking into cash-strapped Sri Lanka’s request for another loan of USD 250 million, the country’s Foreign Minister Dr AK Abdul Momen has said.

Dr Momen said, when Sri Lanka faced difficulties, Bangladesh went for a $250 million currency swap: “Sri Lanka is still finding difficulties.

It was the first-ever loan to any country from Bangladesh under the currency swap agreement inked by the BB and the Central Bank of Sri Lanka (CBSL) on August 3 last year.

The South Asian country of 22 million people is struggling to pay for essential imports after a 70% drop in foreign exchange reserves in two years.