Bangladesh has added another six months to the loan to Sri Lanka’s payback deadline, totaling $200 million.
In the past, Sri Lanka’s central bank asked Bangladesh for an extension to pay the $200 million credit’s first installment by March of this year in the hopes that it would be able to restructure its debt by then.
Restructuring, however, was not completed.
Following a meeting with P Nandalal Weerasinghe, governor of the central bank of Sri Lanka, at the 2023 Spring Meetings of the World Bank Group and the International Monetary Fund (IMF) in Washington on Friday, Bangladesh Bank Governor Abdur Rouf Talukder told a group of journalists that Sri Lanka is now asking for six more months and that it would make its first installment by August this year and another installment by September.
The governor of Sri Lanka affirmed that no further extension would be required, Talukder said.
