Bangladesh provides Tk 65 crore assistance to Sudan Sudan Loan
Yusuf Yassir/Unsplash Sudan

Bangladesh provides Tk 65 crore assistance to Sudan

Bangladesh Live News | @banglalivenews | 17 Jun 2021, 12:53 pm

Dhaka, June 17: In response to the call of the International Monetary Fund (IMF), Bangladesh has provided assistance of around Tk 65 crore to Sudan, according to a press release sent by the Ministry of Finance on Wednesday (June 16).

According to sources, on June 15, the Bangladesh government provided Tk 65 crore to Sudan, a poor country with a high debt and a friendly member of the OIC. The government hopes that this funding from the government of Bangladesh as a debit relief will play a helpful role in alleviating poverty. The Bangladesh government thinks that Sudan, a debt-ridden and poor country, will soon strengthen itself by overcoming the financial crisis.

Earlier, the Bangladeshi government had given more than Tk 8 crore last year as part of an IMF initiative to alleviate poverty in the African country of Somalia.

Meanwhile, Bangladesh is also lending USD 20 crore to Sri Lanka. The country's currency, the Sri Lankan rupee, is constantly losing value in foreign exchange due to the coronavirus. This has put a strain on their foreign exchange reserves. In such a situation, Sri Lanka is borrowing dollars from different Asian countries. As part of this, the Bangladesh government has also promised to provide USD 20 crore. This money will be paid from the foreign exchange reserve of Bangladesh Bank.

Relevant officials of Bangladesh Bank said that it will be given not as a loan, but by exchanging or swapping Sri Lankan rupee with dollar. In turn, Bangladesh will also get some interest.

Sri Lankan Prime Minister Mahinda Rajapaksa arrived in Dhaka on March 19 to attend the 'Mujib Chirantan' program. At that time, Mahinda Rajapaksa had a formal meeting with Prime Minister Sheikh Hasina at her office. In the wake of that meeting, the Governor of the Central Bank of Sri Lanka, WD Laxman, recently wrote a letter to the Governor of Bangladesh Bank asking for dollars.