Sri Lanka repays US$ 200mn loan from Bangladesh with interest

Sri Lanka has paid off the entirety of US$ 200 million loan from Bangladesh, taken through a currency exchange agreement two years ago to survive the severe dollar shortage, Dhaka Tribune reported. 
As the last instalment, Sri Lanka paid about US$ 50 million and US$ 4.5 million in interest on the loan last Thursday night, a senior official of Bangladesh Bank confirmed. 

Sri Lanka took this loan for a period of one year in May 2021. However, the country failed to repay the loan due to a worsening domestic economic crisis and the Sri Lankan government declared itself bankrupt. 
According to Bangladesh Bank, Sri Lanka initially repaid US$ 50 million on August 20. Then on August 31, it returned US$100 million. Finally, the country returned the remaining US$ 50 million on Thursday night.