Bangladesh expects Sri Lanka to repay $200m loan from September

Bangladesh is expected to get back the money, which was borrowed by Sri Lanka, from September this year as the country's economic situation is improving, Bangladesh Foreign Minister AK Abdul Momen has said.

"Sri Lanka is gradually doing better. They are recovering slowly," Foreign Minister AK Abdul Momen told reporters at State Guesthouse Padma this afternoon.

On January 12 this year, Bangladesh Bank granted Sri Lanka six more months to repay the loan after the Island nation requested to extend the repayment period due to its prolonged economic crisis.

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