Bangladesh Prime Minister Sheikh Hasina has mentioned that her nation won’t face the financial disaster in Sri Lanka, though her authorities has sought loans from international businesses amid declining reserves and rising import prices.
In an interview with Reuters accomplice ANI, broadcast forward of her go to to India on Monday, Hasina mentioned Bangladesh’s financial system stays robust regardless of the influence of COVID-19 and the Russia-Ukraine struggle.
Bangladesh’s $416 billion financial system has been one of many quickest rising on the earth for years, however dwindling international change reserves on account of elevated import payments have prompted the federal government to hunt loans from international businesses, together with the International Monetary Fund (IMF).
“Bangladesh has at all times paid our money owed on time; We have a really low lending charge within the context of Sri Lanka,” Hasina said. “Some individuals have raised the difficulty that Bangladesh will likely be Sri Lanka, however I can make certain that won’t occur.”
After the nation plunged into disaster on account of financial mismanagement and the COVID-19 pandemic decimated its main tourism business, Sri Lanka on Thursday signed a preliminary settlement with the IMF for a mortgage of about $2.9 billion.
During her four-day go to to India, Hasina will meet her Indian counterpart and different leaders.
With inputs from TheIndianEXPRESS
