Sri Lanka repaid $50 million of loans taken from Bangladesh, which is one fourth of the $200 million given by Dhaka in 2021.

Md Mezbaul Haque, executive director and spokesperson of the central bank confirmed the matter on Tuesday (August21).

He said Bangladesh Bank received the first installment of the payment today.

The crisis-hit nation will pay another installment within August 30, he said.

He said the central bank hopes the Island country will clear the whole payment of $200 million by September this year.

Bangladesh lent the money to Sri Lanka in three instalments under a currency swap agreement.

The first tranche of $50 million was sent on August 19, the second instalment of $100 million on August 30 and the rest $50 million in September of 2021.

BDST: 2056 HRS, AUGUST 21, 2023
MSK