29 C
Friday, June 21, 2024

Sri Lanka seeking another US $ 250 Mn loan from Bangladesh

- Advertisement -

Sri Lanka has sought another US$ 250 million currency swap from Bangladesh, News First reported today. 

The request for the currency swap had been announced by Bangladesh’s Foreign Minister Dr. A.K. Abdul Momen.

Bangladesh’s Foreign Minister is currently in Sri Lanka to attend the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) which got underway in Colombo today.

The request for a US$ 250 million currency swap comes on the back of the US$ 200 million currency swap that was extended by the Bangladesh Bank (BB) to Sri Lanka in 2021.

Sri Lanka received the loan facility from Bangladesh in three tranches. The BB released US$ 50 million as the first tranche under a currency swap deal to support poorly-rated Sri Lanka on August 19, 2021.

The second tranche amounting to US$ 100 million was released on August 30, 2021, and the final installment worth US$ 50 million was released on September 21, 2021


Chinese traveler from Colombo found infected with COVID-19 on arrival at Shanghai

A Chinese national who arrived from Sri Lanka has been infected with COVID-19, Shanghai (China) Health Commission said on Thursday morning.  According to Chinese media,...

Another 160 Omicron cases detected in Sri Lanka

Another 160 cases of Omicron COVID variant have been recorded in Sri Lanka, Dr. Chandima Jeewandara from University of Sri Jayewardenepura said. According to Dr....

PM visits Tirupati

Prime Minister Mahinda Rajapaksa has left for India on a 2-day pilgrimage to the temple city of Tirupati today (23). He was accorded a warm...


Breaking: Nathasha Edirisooriya Released from ICCPR Case

The cases filed against Nathsha Edirisooriya and Bruno Diwakara under the draconian ICCPR Act were dropped by the Colombo Fort Magistrate's Court a short...

Susil Warns of Future Empty Classrooms as Tuition Trends Rise

Education Minister Susil Premajayantha cautioned Parliament that within five years, classrooms teaching Advanced Level courses in schools could be empty due to an increasing...

Thailand Passes Landmark Bill Recognising Marriage Equality

Thailand’s Senate passed the final reading of a marriage equality law on Tuesday, paving the way for the country to become the third territory...