{"id":137196,"date":"2023-09-22T16:16:27","date_gmt":"2023-09-22T23:16:27","guid":{"rendered":"https:\/\/www.lankaweb.com\/news\/items\/?p=137196"},"modified":"2023-09-22T16:16:27","modified_gmt":"2023-09-22T23:16:27","slug":"sri-lanka-repays-entire-bangladeshi-loan","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2023\/09\/22\/sri-lanka-repays-entire-bangladeshi-loan\/","title":{"rendered":"Sri Lanka repays entire Bangladeshi loan"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em>Courtesy The Daily Star<\/em><\/span><\/h2>\n\n\n<p>Sri Lanka has paid $50 million to Bangladesh, the final instalment of a $200 million loan taken under a currency swap agreement two years ago, a top Bangladesh Bank official said yesterday.<\/p>\n\n\n\n<p>The government of the island nation also paid $4.5 million as interest on the loan amount on Thursday, the official said.<\/p>\n\n\n\n<p>Colombo repaid $100 million on September 2 and $50 million on August 17.<\/p>\n\n\n\n<p>Sri Lanka paid back its loan as its embattled economy is staging a recovery from its worst economic crisis just a year ago. Its inflation rocketed to 69.8 percent in September last year. In July, however, inflation stood at 6.3 percent.<\/p>\n\n\n\n<p>On the other hand, Bangladesh is facing a foreign exchange crisis after its reserve dropped sharply in the past one and a half years owing to higher import bills compared to lower-than-expected remittance and export earnings.<\/p>\n\n\n\n<p>The gross forex reserve came down to $21.45 billion on September 21 in line with the International Monetary Fund&#8217;s calculation formula, BB data showed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Courtesy The Daily Star Sri Lanka has paid $50 million to Bangladesh, the final instalment of a $200 million loan taken under a currency swap agreement two years ago, a top Bangladesh Bank official said yesterday. The government of the island nation also paid $4.5 million as interest on the loan amount on Thursday, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102],"tags":[],"class_list":["post-137196","post","type-post","status-publish","format-standard","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/137196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=137196"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/137196\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=137196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=137196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=137196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}